Exchange Rate in Serbia
Serbia - Exchange RateEconomic momentum ebbed notably in the first quarter of the year. While details of the GDP print are not yet available, the slowdown was likely due to weaker fixed investment and meager industrial production, which fell in March after a brief rebound in February. Turning to Q2, growth will likely remain subdued amid a weakening Eurozone and ongoing political turmoil at home and abroad. Widespread anti-government protests and calls for snap elections persisted in April; moreover, although Germany and France recently increased pressure on Serbia and Kosovo to come to a final agreement, renewed negotiations are unlikely to lead to a definitive deal any time soon. On a brighter note, Fitch Ratings affirmed its BB credit rating and stable outlook for Serbia on 3 May, commending the country’s efforts in strengthening macroeconomic fundamentals, reducing public debt and engaging in IMF-backed reforms.
Serbia - Exchange Rate Data
|Exchange Rate (vs USD)||83.13||99.5||111.3||117.1||99.1|
5 years of economic forecasts for more than 30 economic indicators.
Serbia Exchange Rate Chart
|Bond Yield||3.85||0.0 %||May 13|
|Exchange Rate||105.1||-0.31 %||May 13|
|Stock Market||1,577||-0.44 %||May 13|
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May 9, 2019
At its 9 May monetary policy meeting, the Executive Board of the National Bank of Serbia (NBS) voted to keep the key policy rate unchanged at 3.00%, where it has been for over one year.
April 30, 2019
According to a flash estimate released by the Statistical Institute on 30 April, the economy lost ground at the outset of 2019.
April 30, 2019
Industrial production fell 2.8% over the same month a year prior in March, contrasting the 2.4% increase logged in February.
April 12, 2019
According to the Statistical Office of the Republic of Serbia, consumer prices rose 0.4% over the prior month in March, down from the 0.7% increase logged in February.
April 9, 2019
At its 9 April monetary policy meeting, the Executive Board of the National Bank of Serbia (NBS) voted to keep the key policy rate unchanged at 3.00%, where it has been for one year. Well-anchored inflation expectations were the key factor behind the Bank’s decision to hold the key policy rate at its latest meeting.