Montenegro Policy Rate

1999 - 2024 | Monthly | % pa | European Central Bank

Key information about Montenegro Policy Rate

  • Montenegro cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 4.50 % pa in Apr 2024, compared with 4.50 % pa in the previous Mar 2024.
  • Montenegro Policy Rate averaged 1.13 % pa and is updated monthly, available from Jan 1999 to Apr 2024.
  • The data reached an all-time high of 4.75 % pa in Apr 2001 and a record low of 0.00 % pa in Jun 2022.

Montenegro adopted the Euro unilaterally, thus complying with the European Central Bank (ECB) monetary policy mechanisms.


Related information about Montenegro Policy Rate

  • In the latest reports, Montenegro Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.57 % pa in Nov 2021.
  • Montenegro Exchange Rate against USD averaged 0.92 (USD/EUR) in Jun 2023.

View Montenegro's Policy Rate from Jan 1999 to Apr 2024 in the chart:

Montenegro Policy Rate

What was Montenegro's Policy Rate in Apr 2024?

Montenegro cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 4.50 % pa in Apr 2024, compared with 4.50 % pa in the previous Mar 2024. See the table below for more data.

Last Previous Min Max Unit Frequency Range
4.50 Apr 2024 4.50 Mar 2024 0.00 Jun 2022 4.75 Apr 2001 % pa monthly Jan 1999 - Apr 2024

Policy Rate by Country Comparison

Buy Selected Data

Includes Policy Rate on 108 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (% pa) 3.25 Apr 2024 monthly Jan 2000 - Apr 2024
Algeria (% pa) 3.00 Sep 2023 monthly Jan 1963 - Sep 2023
Argentina (%) 51.02 Apr 2024 monthly Aug 1985 - Apr 2024
Armenia (% pa) 8.25 Apr 2024 monthly May 2001 - Apr 2024
Australia (% pa) 4.35 Apr 2024 monthly Aug 1990 - Apr 2024
Austria (% pa) 4.50 Apr 2024 monthly Jan 1999 - Apr 2024
Azerbaijan (% pa) 7.25 May 2024 monthly Jan 2005 - May 2024
Bahrain (% pa) 6.25 Apr 2024 monthly Jan 2007 - Apr 2024
Bangladesh (% pa) 8.00 Mar 2024 monthly Sep 2009 - Mar 2024
Belarus (% pa) 9.50 Apr 2024 monthly Jul 1991 - Apr 2024
Belgium (% pa) 4.50 Apr 2024 monthly Jan 1999 - Apr 2024
Bolivia (% pa) 3.01 Apr 2024 monthly Jan 2013 - Apr 2024
Botswana (% pa) 3.75 Apr 2022 monthly Aug 1976 - Apr 2022
Brazil (% pa) 10.75 Apr 2024 monthly Mar 1999 - Apr 2024
Bulgaria (% pa) 3.78 May 2024 monthly Feb 1991 - May 2024
Canada (% pa) 5.00 Apr 2024 monthly Dec 1992 - Apr 2024
Chile (% pa) 6.50 Apr 2024 monthly May 1995 - Apr 2024
China (% pa) 2.65 Jun 2023 monthly Jan 2016 - Jun 2023
Colombia (% pa) 12.25 Apr 2024 monthly Apr 1995 - Apr 2024
Croatia (% pa) 3.00 Dec 2022 monthly Dec 1992 - Dec 2022
Cyprus (% pa) 4.50 Apr 2024 monthly Jan 1999 - Apr 2024
Czech Republic (% pa) 4.75 Apr 2024 monthly Jan 1993 - Apr 2024
Denmark (% pa) 3.60 Apr 2024 monthly Aug 1914 - Apr 2024
Ecuador (% pa) 10.87 Apr 2024 monthly Jul 1995 - Apr 2024
Egypt (% pa) 27.75 Apr 2024 monthly Jan 1991 - Apr 2024
Estonia (% pa) 4.50 Apr 2024 monthly Jan 1999 - Apr 2024
European Union (% pa) 4.50 Apr 2024 monthly Jan 1999 - Apr 2024
Finland (% pa) 4.50 Apr 2024 monthly Jan 1999 - Apr 2024
France (% pa) 4.50 Apr 2024 monthly Jan 1999 - Apr 2024
Georgia (% pa) 8.25 Apr 2024 monthly Jan 2008 - Apr 2024
Germany (% pa) 4.50 Apr 2024 monthly Jan 1999 - Apr 2024
Ghana (% pa) 29.50 May 2023 monthly Nov 2002 - May 2023
Greece (% pa) 4.50 Apr 2024 monthly Jan 1999 - Apr 2024
Hong Kong SAR, China (% pa) 5.75 Apr 2024 monthly Jun 1992 - Apr 2024
Hungary (% pa) 7.75 Apr 2024 monthly Oct 1990 - Apr 2024
Iceland (% pa) 10.00 Apr 2024 monthly Jan 1994 - Apr 2024
India (% pa) 6.50 Apr 2024 monthly Apr 2001 - Apr 2024
Indonesia (% pa) 6.25 Apr 2024 monthly Jun 2015 - Apr 2024
Ireland (% pa) 4.50 Apr 2024 monthly Jan 1999 - Apr 2024
Israel (% pa) 4.50 Apr 2024 monthly Dec 1998 - Apr 2024
Italy (% pa) 4.50 Apr 2024 monthly Jan 1999 - Apr 2024
Ivory Coast (% pa) 2.50 Mar 2017 monthly Jan 1964 - Mar 2017
Japan (% pa) -0.10 Jun 2023 monthly Nov 2008 - Jun 2023
Jordan (% pa) 8.50 Apr 2024 monthly Dec 1965 - Apr 2024
Kazakhstan (% pa) 14.75 Apr 2024 monthly Feb 1992 - Apr 2024
Kenya (% pa) 13.00 Apr 2024 monthly Jul 2003 - Apr 2024
South Korea (% pa) 3.50 Apr 2024 monthly May 1999 - Apr 2024
Kosovo (% pa) 4.50 Apr 2024 monthly Jan 1999 - Apr 2024
Kuwait (% pa) 4.25 Apr 2024 monthly Jul 1999 - Apr 2024
Kyrgyzstan (% pa) 11.00 Apr 2024 monthly Jan 1999 - Apr 2024
Laos (% pa) 7.50 May 2023 monthly Dec 1992 - May 2023
Latvia (% pa) 4.50 Apr 2024 monthly Jan 1999 - Apr 2024
Lebanon (% pa) 10.00 Jan 2023 monthly Apr 1964 - Jan 2023
Lithuania (% pa) 4.50 Apr 2024 monthly Jan 1999 - Apr 2024
Luxembourg (% pa) 4.50 Apr 2024 monthly Jan 1999 - Apr 2024
Macau SAR, China (% pa) 5.75 Apr 2024 monthly Dec 1999 - Apr 2024
North Macedonia (% pa) 6.30 Apr 2024 monthly Jan 2002 - Apr 2024
Malawi (% pa) 26.00 Apr 2024 monthly Jan 1980 - Apr 2024
Malaysia (% pa) 3.00 Apr 2024 monthly Apr 2004 - Apr 2024
Malta (% pa) 4.50 Apr 2024 monthly Jan 1999 - Apr 2024
Mauritius (% pa) 4.50 Apr 2024 monthly Dec 1999 - Apr 2024
Mexico (% pa) 11.00 Apr 2024 monthly Jan 2008 - Apr 2024
Moldova (% pa) 3.75 Apr 2024 monthly Feb 2001 - Apr 2024
Mongolia (% pa) 12.00 Apr 2024 monthly Jul 2007 - Apr 2024
Montenegro (% pa) 4.50 Apr 2024 monthly Jan 1999 - Apr 2024
Morocco (% pa) 3.00 Apr 2024 monthly Jun 1995 - Apr 2024
Myanmar (% pa) 7.00 2024 yearly 1986 - 2024
Nepal (% pa) 7.00 Apr 2024 monthly Jul 2003 - Apr 2024
Netherlands (% pa) 4.50 Apr 2024 monthly Jan 1999 - Apr 2024
New Zealand (% pa) 5.50 May 2023 monthly Mar 1999 - May 2023
Nigeria (% pa) 24.75 Apr 2024 monthly Dec 2006 - Apr 2024
Norway (% pa) 4.50 Apr 2024 monthly Jan 1991 - Apr 2024
Oman (% pa) 6.00 Apr 2024 monthly May 2007 - Apr 2024
Pakistan (% pa) 23.00 Apr 2024 monthly Feb 1992 - Apr 2024
Paraguay (% pa) 6.00 Apr 2024 monthly Jul 2010 - Apr 2024
Peru (% pa) 6.00 Apr 2024 monthly Sep 2003 - Apr 2024
Philippines (% pa) 7.00 Apr 2024 monthly Jun 2016 - Apr 2024
Poland (% pa) 5.75 Apr 2024 monthly Jan 2005 - Apr 2024
Portugal (% pa) 4.50 Apr 2024 monthly Jan 1999 - Apr 2024
Qatar (% pa) 6.25 Mar 2024 monthly Mar 2003 - Mar 2024
Romania (% pa) 7.00 Apr 2024 monthly Jan 2003 - Apr 2024
Russia (% pa) 16.00 Apr 2024 monthly Sep 2013 - Apr 2024
Saudi Arabia (% pa) 6.00 Apr 2024 monthly Jan 2000 - Apr 2024
Serbia (% pa) 6.50 Apr 2024 monthly Jan 2001 - Apr 2024
Singapore (% pa) 4.00 Jun 2023 monthly Jul 2005 - Jun 2023
Slovakia (% pa) 4.50 Apr 2024 monthly Jan 1999 - Apr 2024
Slovenia (% pa) 4.50 Apr 2024 monthly Jan 1999 - Apr 2024
South Africa (% pa) 8.25 Apr 2024 monthly Nov 1999 - Apr 2024
Spain (% pa) 4.50 Apr 2024 monthly Jan 1999 - Apr 2024
Sri Lanka (% pa) 8.50 Apr 2024 monthly Jan 1997 - Apr 2024
Sweden (% pa) 4.00 Apr 2024 monthly Jan 1987 - Apr 2024
Switzerland (% pa) 1.44 Apr 2024 monthly Jun 1999 - Apr 2024
Syria (% pa) 5.00 Apr 2024 monthly Jan 1962 - Apr 2024
Taiwan (% pa) 2.00 Apr 2024 monthly Jul 1961 - Apr 2024
Tajikistan (% pa) 9.50 Apr 2024 monthly Jun 1995 - Apr 2024
Thailand (% pa) 2.50 Apr 2024 monthly May 2000 - Apr 2024
Tunisia (% pa) 8.00 Apr 2024 monthly Jan 2000 - Apr 2024
Turkey (% pa) 50.00 Apr 2024 monthly Jun 1996 - Apr 2024
Ukraine (% pa) 13.50 Apr 2024 monthly Dec 1992 - Apr 2024
United Arab Emirates (% pa) 5.40 Apr 2024 monthly Nov 2007 - Apr 2024

Accurate Macro & Micro Economic Data You Can Trust

Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.

Learn more about what we do

Montenegro Key Series

Buy Selected Data

Includes 178 key indicators for Montenegro, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 0.2 Dec 2023 quarterly Dec 2012 - Dec 2023
Consolidated Fiscal Balance (USD mn) 14.611 Mar 2024 monthly Jan 2012 - Mar 2024
Tax Revenue (USD mn) 200.614 Mar 2024 monthly Jan 2012 - Mar 2024
Tax Revenue: % of GDP (%) 22.8 Dec 2023 quarterly Mar 2012 - Dec 2023
National Government Debt (USD mn) 4,219.6 Sep 2023 monthly Dec 2010 - Sep 2023
Government Debt: % of GDP (%) 59.7 Sep 2023 quarterly Dec 2010 - Sep 2023
Forecast: Government Expenditure (EUR bn) 3.984 2028 yearly 2002 - 2028
Forecast: Government Net Debt (EUR bn) 6.396 2029 yearly 2002 - 2029
Forecast: Government Revenue (EUR bn) 3.914 2029 yearly 2002 - 2029
General Government Revenue: Consolidated (EUR) 245,475,116.530 Mar 2024 monthly Jan 2012 - Mar 2024
General Govt Balance: Consolidated: Deficit or Surplus (EUR) 13,441,787.120 Mar 2024 monthly Jan 2012 - Mar 2024
General Govt Revenue: Cons: Taxes (EUR) 184,557,374.950 Mar 2024 monthly Jan 2012 - Mar 2024
General Govt Expenditure: Cons: ow Current (EUR) 216,826,085.840 Mar 2024 monthly Jan 2012 - Mar 2024
General Govt Revenue: Cons: Taxes: Excises (EUR) 21,994,790.370 Mar 2024 monthly Jan 2012 - Mar 2024
General Govt Expenditure: Consolidated (EUR) 232,033,329.410 Mar 2024 monthly Jan 2012 - Mar 2024
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 78,800,496.590 Mar 2024 monthly Jan 2012 - Mar 2024
Gross General Government Debt: Domestic (EUR mn) 382.470 Jun 2022 monthly Dec 2010 - Jun 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.534 2028 yearly 2003 - 2028
Trade Balance (USD mn) -306.1 Mar 2024 monthly Jan 2005 - Mar 2024
Total Exports (USD mn) 46.5 Mar 2024 monthly Jan 2005 - Mar 2024
Total Exports Growth (%) -29.1 Mar 2024 monthly Jan 2006 - Mar 2024
Aluminum: Exports (USD th) 180,096.808 2022 yearly 2008 - 2022
Exports: Medicament (USD th) 34,801.190 2022 yearly 2008 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 28.151 2022 yearly 2008 - 2022
Total Imports (USD mn) 352.6 Mar 2024 monthly Jan 2005 - Mar 2024
Total Imports Growth (%) -7.3 Mar 2024 monthly Jan 2006 - Mar 2024
Imports: Medicament (USD th) 116,265.339 2022 yearly 2008 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 45,821.508 2022 yearly 2008 - 2022
Total Exports to USA (USD mn) 0.237 Mar 2024 monthly Jan 2010 - Mar 2024
Total Imports from USA (USD mn) 3.945 Mar 2024 monthly Jan 2006 - Mar 2024
Total Exports to China (USD mn) 3.637 Mar 2024 monthly Jan 2010 - Mar 2024
Total Imports from China (USD mn) 43.246 Mar 2024 monthly Jan 2006 - Mar 2024
Imports (EUR th) 324,402.879 Mar 2024 monthly Jan 2005 - Mar 2024
Exports (EUR th) 42,812.547 Mar 2024 monthly Jan 2005 - Mar 2024
Exports: Machinery & Transport Equipment (EUR th) 4,226.892 Mar 2024 monthly Mar 2009 - Mar 2024
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 8,932.120 Mar 2024 monthly Mar 2009 - Mar 2024
Exports: Manufactured Goods (EUR th) 4,882.269 Mar 2024 monthly Mar 2009 - Mar 2024
Exports: Food & Live Animals (EUR th) 3,878.022 Mar 2024 monthly Mar 2009 - Mar 2024
Exports: Crude Materials: excl Fuels (EUR th) 9,933.344 Mar 2024 monthly Mar 2009 - Mar 2024
Exports: Europe: CEFTA: Serbia (EUR th) 15,227.524 Mar 2024 monthly Mar 2009 - Mar 2024
Exports: Europe: EU-28: Slovenia (EUR th) 3,722.971 Mar 2024 monthly Mar 2009 - Mar 2024
Imports: Miscellaneous Manufactured Goods (EUR th) 47,074.450 Mar 2024 monthly Mar 2009 - Mar 2024
Imports: Food & Live Animals (EUR th) 61,191.907 Mar 2024 monthly Mar 2009 - Mar 2024
Imports: Manufactured Goods (EUR th) 54,650.234 Mar 2024 monthly Mar 2009 - Mar 2024
Imports: Machinery & Transport Equipment (EUR th) 82,576.189 Mar 2024 monthly Mar 2009 - Mar 2024
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 25,657.813 Mar 2024 monthly Mar 2009 - Mar 2024
Imports: Europe: CEFTA: Serbia (EUR th) 55,688.437 Mar 2024 monthly Mar 2009 - Mar 2024
Imports: Europe: EU-28: Greece (EUR th) 15,422.677 Mar 2024 monthly Mar 2009 - Mar 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 27.0 Dec 2023 quarterly Mar 2005 - Dec 2023
Current Account Balance (USD mn) -278.9 Mar 2023 quarterly Mar 2004 - Mar 2023
Current Account Balance: % of GDP (%) -24.1 Dec 2023 quarterly Mar 2010 - Dec 2023
Foreign Direct Investment (USD mn) 150.7 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Direct Investment: % of GDP (%) 8.0 Dec 2023 quarterly Mar 2010 - Dec 2023
Foreign Portfolio Investment (USD mn) 2.789 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 0.1 Dec 2023 quarterly Mar 2010 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 119.2 Dec 2023 quarterly Mar 2007 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 31.320 Dec 2023 quarterly Mar 2007 - Dec 2023
External Debt (USD mn) 8,815.2 2022 yearly 2006 - 2022
External Debt: % of GDP (%) 141.5 2022 yearly 2006 - 2022
External Debt: Short Term (USD mn) 198.7 2022 yearly 2007 - 2022
External Debt: Short Term: % of GDP (%) 3.2 2022 yearly 2007 - 2022
Forecast: Current Account Balance (USD bn) -1.297 2028 yearly 2001 - 2028
BoP: Current Account: Goods: Export (EUR th) 120,372.138 Dec 2018 quarterly Mar 2010 - Dec 2018
Balance of Payments (BoP): Current Account and Capital Account (EUR th) -374,597.413 Dec 2018 quarterly Mar 2010 - Dec 2018
BoP: Financial Account: Change in Central Bank Reserves (EUR th) -9,057.098 Dec 2018 quarterly Mar 2010 - Dec 2018
BoP: Current Account: Goods: Import (EUR th) 645,611.036 Dec 2018 quarterly Mar 2010 - Dec 2018
Gross General Government External Debt (EUR mn) 3,613.400 Jun 2023 monthly Dec 2010 - Jun 2023
Foreign Direct Investment: Flow: Russian Federation (EUR) 27,472,844.110 2022 yearly 2001 - 2022
Foreign Direct Investment: Flow: Switzerland (EUR) 18,559,843.260 2022 yearly 2001 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.1 Feb 2024 monthly Aug 2010 - Feb 2024
Household Debt: % of GDP (%) 24.7 Dec 2023 quarterly Dec 2010 - Dec 2023
Non-Performing Loans (USD mn) 218.559 Nov 2022 monthly Dec 2010 - Nov 2022
M2 Growth (%) 22.9 2022 yearly 2003 - 2022
Reserve Requirement Ratio (%) 5.5 Feb 2024 monthly Jan 2002 - Feb 2024
Foreign Exchange Reserves (USD mn) 1,881.6 Mar 2024 monthly Dec 2002 - Mar 2024
Foreign Exchange Reserves: % of GDP (%) 19.668 Dec 2023 quarterly Dec 2010 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 5.3 Mar 2024 monthly Jan 2005 - Mar 2024
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Dec 2002 - Mar 2024
Total Deposits (USD mn) 5,755.017 Mar 2024 monthly Jan 2003 - Mar 2024
Total Deposits Growth (%) 2.8 Mar 2024 monthly Jan 2004 - Mar 2024
Domestic Credit (USD mn) 3,208.9 Mar 2024 monthly Jan 2005 - Mar 2024
Domestic Credit Growth (%) -6.3 Mar 2024 monthly Jan 2006 - Mar 2024
Household Debt (USD mn) 1,882.4 Mar 2024 monthly Dec 2004 - Mar 2024
Total Loans (USD mn) 4,596.407 Mar 2024 monthly Jan 2003 - Mar 2024
Total Loans Growth (%) 10.99 Mar 2024 monthly Jan 2004 - Mar 2024
Private Debt: % of Nominal GDP (%) 43.41 Dec 2023 quarterly Dec 2010 - Dec 2023
Bank Loans: Residents: Households (EUR th) 1,188,990.000 Jun 2018 monthly Jan 2009 - Jun 2018
Bank Loans: Non Performing Loans (EUR th) 200,600.000 Apr 2018 monthly Dec 2010 - Apr 2018
ME: Bank Non-Performing Loans to Total Gross Loans (%) 7.426 2018 yearly 2013 - 2018

More Indicators for Montenegro

Request a demo of CEIC

CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.

Request a demo
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.
Unlimited access tailored to your data needs
Flexible monthly access to CEIC data