* Excluding revolving loans, current account overdrafts and credit card debt. Source: NBS. Having reduced the key policy rate from 11.75%, where it was in May 2013, to the current 4.0%, which is its lowest since the introduction of the inflation targeting regime, the National Bank of Serbia, beyond any doubt, has provided critical support to the country’s economic recovery.
As a result, interest rates on dinar loans to corporates and households dropped by more than 10 percentage points. We find it encouraging that the number of your questions about dinarisation is increasing because this means that you too recognise that dinarisation is gradually and unquestionably growing in the household sector.