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 3.65 % pa in Sep 2024, compared with 4.25 % pa in the previous Aug 2024.
  • Montenegro Policy Rate averaged 1.25 % pa and is updated monthly, available from Jan 1999 to Sep 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 Sep 2024 in the chart:

Montenegro Policy Rate

What was Montenegro's Policy Rate in Sep 2024?

Montenegro cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 3.65 % pa in Sep 2024, compared with 4.25 % pa in the previous Aug 2024. See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.65 Sep 2024 4.25 Aug 2024 0.00 Jun 2022 4.75 Apr 2001 % pa monthly Jan 1999 - Sep 2024

Policy Rate by Country Comparison

country/region Last Frequency Range
Albania (% pa) 3.00 Jul 2024 monthly Jan 2000 - Jul 2024
Algeria (% pa) 3.00 Jul 2024 monthly Jan 1963 - Jul 2024
Argentina (%) 39.41 Sep 2024 monthly Aug 1985 - Sep 2024
Armenia (% pa) 7.50 Sep 2024 monthly May 2001 - Sep 2024
Australia (% pa) 4.35 Sep 2024 monthly Aug 1990 - Sep 2024
Austria (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Azerbaijan (% pa) 7.25 Sep 2024 monthly Jan 2005 - Sep 2024
Bahrain (% pa) 5.75 Sep 2024 monthly Jan 2007 - Sep 2024
Bangladesh (% pa) 9.50 Sep 2024 monthly Sep 2009 - Sep 2024
Belarus (% pa) 9.50 Jul 2024 monthly Jul 1991 - Jul 2024
Belgium (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Bolivia (% pa) 3.02 Sep 2024 monthly Jan 2013 - Sep 2024
Botswana (% pa) 3.75 Apr 2022 monthly Aug 1976 - Apr 2022
Brazil (% pa) 10.75 Sep 2024 monthly Mar 1999 - Sep 2024
Bulgaria (% pa) 3.43 Oct 2024 monthly Feb 1991 - Oct 2024
Canada (% pa) 4.25 Sep 2024 monthly Dec 1992 - Sep 2024
Chile (% pa) 5.50 Sep 2024 monthly May 1995 - Sep 2024
China (% pa) 2.65 Jun 2023 monthly Jan 2016 - Jun 2023
Colombia (% pa) 10.75 Sep 2024 monthly Apr 1995 - Sep 2024
Croatia (% pa) 3.00 Dec 2022 monthly Dec 1992 - Dec 2022
Cyprus (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Czech Republic (% pa) 3.25 Sep 2024 monthly Jan 1993 - Sep 2024
Denmark (% pa) 3.10 Sep 2024 monthly Aug 1914 - Sep 2024
Ecuador (% pa) 11.68 Sep 2024 monthly Jul 1995 - Sep 2024
Egypt (% pa) 27.75 Sep 2024 monthly Jan 1991 - Sep 2024
Estonia (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
European Union (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Finland (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
France (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Georgia (% pa) 8.00 Sep 2024 monthly Jan 2008 - Sep 2024
Germany (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Ghana (% pa) 29.50 May 2023 monthly Nov 2002 - May 2023
Greece (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Hong Kong SAR, China (% pa) 5.25 Sep 2024 monthly Jun 1992 - Sep 2024
Hungary (% pa) 6.50 Sep 2024 monthly Oct 1990 - Sep 2024
Iceland (% pa) 10.00 Sep 2024 monthly Jan 1994 - Sep 2024
India (% pa) 6.50 Sep 2024 monthly Apr 2001 - Sep 2024
Indonesia (% pa) 6.00 Sep 2024 monthly Jun 2015 - Sep 2024
Ireland (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Israel (% pa) 4.50 Sep 2024 monthly Dec 1998 - Sep 2024
Italy (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 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) 8.00 Sep 2024 monthly Dec 1965 - Sep 2024
Kazakhstan (% pa) 14.25 Sep 2024 monthly Feb 1992 - Sep 2024
Kenya (% pa) 12.75 Sep 2024 monthly Jul 2003 - Sep 2024
South Korea (% pa) 3.50 Sep 2024 monthly May 1999 - Sep 2024
Kosovo (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Kuwait (% pa) 4.00 Sep 2024 monthly Jul 1999 - Sep 2024
Kyrgyzstan (% pa) 9.00 Sep 2024 monthly Jan 1999 - Sep 2024
Laos (% pa) 7.50 May 2023 monthly Dec 1992 - May 2023
Latvia (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Lebanon (% pa) 10.00 Jan 2023 monthly Apr 1964 - Jan 2023
Lithuania (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Luxembourg (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Macau SAR, China (% pa) 5.25 Sep 2024 monthly Dec 1999 - Sep 2024
North Macedonia (% pa) 6.05 Sep 2024 monthly Jan 2002 - Sep 2024
Malawi (% pa) 26.00 Sep 2024 monthly Jan 1980 - Sep 2024
Malaysia (% pa) 3.00 Sep 2024 monthly Apr 2004 - Sep 2024
Malta (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Mauritius (% pa) 4.00 Sep 2024 monthly Dec 1999 - Sep 2024
Mexico (% pa) 10.50 Sep 2024 monthly Jan 2008 - Sep 2024
Moldova (% pa) 3.60 Sep 2024 monthly Feb 2001 - Sep 2024
Mongolia (% pa) 10.00 Sep 2024 monthly Jul 2007 - Sep 2024
Montenegro (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Morocco (% pa) 2.75 Sep 2024 monthly Jun 1995 - Sep 2024
Myanmar (% pa) 7.00 2024 yearly 1986 - 2024
Nepal (% pa) 6.50 Sep 2024 monthly Jul 2003 - Sep 2024
Netherlands (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
New Zealand (% pa) 5.50 May 2023 monthly Mar 1999 - May 2023
Nigeria (% pa) 27.25 Sep 2024 monthly Dec 2006 - Sep 2024
Norway (% pa) 4.50 Aug 2024 monthly Jan 1991 - Aug 2024
Oman (% pa) 5.50 Oct 2024 monthly May 2007 - Oct 2024
Pakistan (% pa) 18.50 Sep 2024 monthly Feb 1992 - Sep 2024
Paraguay (% pa) 6.00 Sep 2024 monthly Jul 2010 - Sep 2024
Peru (% pa) 5.25 Sep 2024 monthly Sep 2003 - Sep 2024
Philippines (% pa) 7.00 May 2024 monthly Jun 2016 - May 2024
Poland (% pa) 5.75 Oct 2024 monthly Jan 2005 - Oct 2024
Portugal (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Qatar (% pa) 5.70 Sep 2024 monthly Mar 2003 - Sep 2024
Romania (% pa) 6.50 Sep 2024 monthly Jan 2003 - Sep 2024
Russia (% pa) 19.00 Sep 2024 monthly Sep 2013 - Sep 2024
Saudi Arabia (% pa) 5.50 Sep 2024 monthly Jan 2000 - Sep 2024
Serbia (% pa) 6.00 Aug 2024 monthly Jan 2001 - Aug 2024
Singapore (% pa) 4.00 Jun 2023 monthly Jul 2005 - Jun 2023
Slovakia (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Slovenia (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
South Africa (% pa) 8.00 Sep 2024 monthly Nov 1999 - Sep 2024
Spain (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Sri Lanka (% pa) 8.25 Sep 2024 monthly Jan 1997 - Sep 2024
Sweden (% pa) 3.50 Sep 2024 monthly Jan 1987 - Sep 2024
Switzerland (% pa) 1.21 Sep 2024 monthly Jun 1999 - Sep 2024
Syria (% pa) 5.00 Sep 2024 monthly Jan 1962 - Sep 2024
Taiwan (% pa) 2.00 Sep 2024 monthly Jul 1961 - Sep 2024
Tajikistan (% pa) 9.00 Sep 2024 monthly Jun 1995 - Sep 2024
Thailand (% pa) 2.50 Sep 2024 monthly May 2000 - Sep 2024
Tunisia (% pa) 8.00 Sep 2024 monthly Jan 2000 - Sep 2024
Turkey (% pa) 50.00 Sep 2024 monthly Jun 1996 - Sep 2024
Ukraine (% pa) 13.00 Sep 2024 monthly Dec 1992 - Sep 2024
United Arab Emirates (% pa) 4.90 Sep 2024 monthly Nov 2007 - Sep 2024

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Montenegro Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -1.6 Jun 2024 quarterly Dec 2012 - Jun 2024
Consolidated Fiscal Balance (USD mn) 56.264 Aug 2024 monthly Jan 2012 - Aug 2024
Tax Revenue (USD mn) 206.925 Aug 2024 monthly Jan 2012 - Aug 2024
Tax Revenue: % of GDP (%) 28.8 Jun 2024 quarterly Mar 2012 - Jun 2024
National Government Debt (USD mn) 4,796.4 Jun 2024 monthly Dec 2010 - Jun 2024
Government Debt: % of GDP (%) 62.1 Jun 2024 quarterly Dec 2010 - Jun 2024
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 Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 126,480,010.050 Aug 2024 monthly Jan 2012 - Aug 2024
General Govt Revenue: Cons: Taxes: Excises (EUR) 43,213,446.430 Aug 2024 monthly Jan 2012 - Aug 2024
General Govt Balance: Consolidated: Deficit or Surplus (EUR) 51,056,348.340 Aug 2024 monthly Jan 2012 - Aug 2024
General Govt Revenue: Cons: Taxes (EUR) 187,772,027.160 Aug 2024 monthly Jan 2012 - Aug 2024
General Govt Expenditure: Consolidated (EUR) 204,303,733.290 Aug 2024 monthly Jan 2012 - Aug 2024
General Government Revenue: Consolidated (EUR) 255,360,081.630 Aug 2024 monthly Jan 2012 - Aug 2024
General Govt Expenditure: Cons: ow Current (EUR) 193,445,867.520 Aug 2024 monthly Jan 2012 - Aug 2024
Gross General Government External Debt (EUR mn) 4,091.320 Jun 2024 monthly Dec 2010 - Jun 2024
Gross General Government Debt (EUR mn) 4,478.030 Jun 2024 monthly Dec 2010 - Jun 2024
Gross General Government Debt: Domestic (EUR mn) 386.700 Jun 2024 monthly Dec 2010 - Jun 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.534 2028 yearly 2003 - 2028
Trade Balance (USD mn) -346.5 Aug 2024 monthly Jan 2005 - Aug 2024
Total Exports (USD mn) 58.3 Aug 2024 monthly Jan 2005 - Aug 2024
Total Exports Growth (%) 4.9 Aug 2024 monthly Jan 2006 - Aug 2024
Aluminum: Exports (USD th) 77,568.321 2023 yearly 2008 - 2023
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) 404.8 Aug 2024 monthly Jan 2005 - Aug 2024
Total Imports Growth (%) 3.7 Aug 2024 monthly Jan 2006 - Aug 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) 0.391 Aug 2024 monthly Jan 2010 - Aug 2024
Total Imports from USA (USD mn) 4.737 Aug 2024 monthly Jan 2006 - Aug 2024
Total Exports to China (USD mn) 2.839 Aug 2024 monthly Jan 2010 - Aug 2024
Total Imports from China (USD mn) 47.199 Aug 2024 monthly Jan 2006 - Aug 2024
Imports (EUR th) 367,331.900 Aug 2024 monthly Jan 2005 - Aug 2024
Exports (EUR th) 52,893.732 Aug 2024 monthly Jan 2005 - Aug 2024
Exports: Machinery & Transport Equipment (EUR th) 5,420.126 Aug 2024 monthly Mar 2009 - Aug 2024
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 12,739.879 Aug 2024 monthly Mar 2009 - Aug 2024
Exports: Food & Live Animals (EUR th) 4,592.456 Aug 2024 monthly Mar 2009 - Aug 2024
Exports: Manufactured Goods (EUR th) 4,671.769 Aug 2024 monthly Mar 2009 - Aug 2024
Exports: Crude Materials: excl Fuels (EUR th) 7,849.838 Aug 2024 monthly Mar 2009 - Aug 2024
Exports: Europe: EU-28: Slovenia (EUR th) 2,916.232 Aug 2024 monthly Mar 2009 - Aug 2024
Exports: Europe: CEFTA: Serbia (EUR th) 14,149.687 Aug 2024 monthly Mar 2009 - Aug 2024
Imports: Manufactured Goods (EUR th) 48,113.911 Aug 2024 monthly Mar 2009 - Aug 2024
Imports: Miscellaneous Manufactured Goods (EUR th) 47,462.643 Aug 2024 monthly Mar 2009 - Aug 2024
Imports: Food & Live Animals (EUR th) 77,030.348 Aug 2024 monthly Mar 2009 - Aug 2024
Imports: Machinery & Transport Equipment (EUR th) 76,118.029 Aug 2024 monthly Mar 2009 - Aug 2024
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 55,713.249 Aug 2024 monthly Mar 2009 - Aug 2024
Imports: Europe: CEFTA: Serbia (EUR th) 68,774.605 Aug 2024 monthly Mar 2009 - Aug 2024
Imports: Europe: EU-28: Greece (EUR th) 29,343.743 Aug 2024 monthly Mar 2009 - Aug 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 17.3 Jun 2024 quarterly Mar 2005 - Jun 2024
Current Account Balance (USD mn) -278.9 Mar 2023 quarterly Mar 2004 - Mar 2023
Current Account Balance: % of GDP (%) -22.8 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Direct Investment (USD mn) 154.9 Jun 2024 quarterly Mar 2005 - Jun 2024
Foreign Direct Investment: % of GDP (%) 7.8 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment (USD mn) -9.733 Jun 2024 quarterly Mar 2005 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) -0.5 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 112.0 Mar 2024 quarterly Mar 2007 - Mar 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 37.495 Mar 2024 quarterly Mar 2007 - Mar 2024
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
BoP: Current Account: Goods: Import (EUR th) 645,611.036 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
Foreign Direct Investment: Flow: Slovenia (EUR) 9,478,424.000 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Italy (EUR) 5,543,222.480 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Russian Federation (EUR) 112,506,571.770 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Serbia (EUR) 125,266,558.270 2023 yearly 2002 - 2023
Foreign Direct Investment: Flow: Switzerland (EUR) 65,139,405.970 2023 yearly 2001 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.3 Jun 2024 monthly Aug 2010 - Jun 2024
Household Debt: % of GDP (%) 25.2 Jun 2024 quarterly Dec 2010 - Jun 2024
Non-Performing Loans (USD mn) 218.559 Nov 2022 monthly Dec 2010 - Nov 2022
M2 Growth (%) 12.0 2023 yearly 2003 - 2023
Reserve Requirement Ratio (%) 5.5 Aug 2024 monthly Jan 2002 - Aug 2024
Foreign Exchange Reserves (USD mn) 1,600.1 Jul 2024 monthly Dec 2002 - Jul 2024
Foreign Exchange Reserves: % of GDP (%) 20.266 Jun 2024 quarterly Dec 2010 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 3.7 Jul 2024 monthly Jan 2005 - Jul 2024
Gold Reserves (USD mn) 0.000 Jul 2024 monthly Dec 2002 - Jul 2024
Total Deposits (USD mn) 6,274.383 Aug 2024 monthly Jan 2003 - Aug 2024
Total Deposits Growth (%) 3.1 Aug 2024 monthly Jan 2004 - Aug 2024
Domestic Credit (USD mn) 3,555.8 Aug 2024 monthly Jan 2005 - Aug 2024
Domestic Credit Growth (%) -0.8 Aug 2024 monthly Jan 2006 - Aug 2024
Household Debt (USD mn) 2,053.6 Aug 2024 monthly Dec 2004 - Aug 2024
Total Loans (USD mn) 5,141.114 Aug 2024 monthly Jan 2003 - Aug 2024
Total Loans Growth (%) 17.08 Aug 2024 monthly Jan 2004 - Aug 2024
Private Debt: % of Nominal GDP (%) 45.02 Jun 2024 quarterly Dec 2010 - Jun 2024
Bank Loans: Non Performing Loans (EUR th) 200,600.000 Apr 2018 monthly Dec 2010 - Apr 2018
Bank Loans: Residents: Households (EUR th) 1,188,990.000 Jun 2018 monthly Jan 2009 - Jun 2018
ME: Bank Non-Performing Loans to Total Gross Loans (%) 7.426 2018 yearly 2013 - 2018

More Indicators for Montenegro

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