Monetary Policy Report

The National Bank of Serbia is required to submit to the Parliament its annual and semi-annual monetary policy reports, explaining all the factors that affected the implementation of monetary policy in the period under review. The annual report must be submitted by 30 June and the semi-annual by 30 September.

Monetary Policy Reports present and analyse the monetary policy strategy, macroeconomic developments (international environment, balance of payments, the country’s international investment position, external debt, movements in monetary aggregates, prices, wages and employment, and other macroeconomic movements), monetary policy defined and monetary policy implemented (defined vs. achieved monetary policy objectives, monetary policy instruments and measures applied, and other monetary policy-related issues), as well as outline the monetary policy planned.


Latest issue: Semi-Annual Monetary Policy Report 2023