Montenegro Policy Rate
Key information about Montenegro Policy Rate
- Montenegro cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 3.40 % pa in Oct 2024, compared with 3.65 % pa in the previous Sep 2024.
- Montenegro Policy Rate averaged 1.25 % pa and is updated monthly, available from Jan 1999 to Oct 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 Oct 2024 in the chart:
What was Montenegro's Policy Rate in Oct 2024?
Montenegro cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 3.40 % pa in Oct 2024, compared with 3.65 % pa in the previous Sep 2024. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
3.40 Oct 2024 | 3.65 Sep 2024 | 0.00 Jun 2022 | 4.75 Apr 2001 | % pa | monthly | Jan 1999 - Oct 2024 |
Policy Rate by Country Comparison
country/region | Last | Frequency | Range |
---|---|---|---|
Albania (% pa) | 3.00 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
Algeria (% pa) | 3.00 Oct 2024 | monthly | Jan 1963 - Oct 2024 |
Argentina (%) | 40.45 Oct 2024 | monthly | Aug 1985 - Oct 2024 |
Armenia (% pa) | 7.25 Oct 2024 | monthly | May 2001 - Oct 2024 |
Australia (% pa) | 4.35 Oct 2024 | monthly | Aug 1990 - Oct 2024 |
Austria (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Azerbaijan (% pa) | 7.25 Oct 2024 | monthly | Jan 2005 - Oct 2024 |
Bahrain (% pa) | 5.75 Oct 2024 | monthly | Jan 2007 - Oct 2024 |
Bangladesh (% pa) | 10.00 Oct 2024 | monthly | Sep 2009 - Oct 2024 |
Belarus (% pa) | 9.50 Oct 2024 | monthly | Jul 1991 - Oct 2024 |
Belgium (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Bolivia (% pa) | 3.08 Oct 2024 | monthly | Jan 2013 - Oct 2024 |
Botswana (% pa) | 3.75 Apr 2022 | monthly | Aug 1976 - Apr 2022 |
Brazil (% pa) | 10.75 Oct 2024 | monthly | Mar 1999 - Oct 2024 |
Bulgaria (% pa) | 3.43 Oct 2024 | monthly | Feb 1991 - Oct 2024 |
Canada (% pa) | 3.75 Oct 2024 | monthly | Dec 1992 - Oct 2024 |
Chile (% pa) | 5.25 Oct 2024 | monthly | May 1995 - Oct 2024 |
China (% pa) | 2.65 Jun 2023 | monthly | Jan 2016 - Jun 2023 |
Colombia (% pa) | 9.75 Nov 2024 | monthly | Apr 1995 - Nov 2024 |
Croatia (% pa) | 3.00 Dec 2022 | monthly | Dec 1992 - Dec 2022 |
Cyprus (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Czech Republic (% pa) | 3.25 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
Denmark (% pa) | 2.85 Oct 2024 | monthly | Aug 1914 - Oct 2024 |
Ecuador (% pa) | 10.73 Nov 2024 | monthly | Jul 1995 - Nov 2024 |
Egypt (% pa) | 27.75 Oct 2024 | monthly | Jan 1991 - Oct 2024 |
Estonia (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
European Union (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Finland (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
France (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Georgia (% pa) | 8.00 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
Germany (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Ghana (% pa) | 29.50 May 2023 | monthly | Nov 2002 - May 2023 |
Greece (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Hong Kong SAR, China (% pa) | 5.25 Oct 2024 | monthly | Jun 1992 - Oct 2024 |
Hungary (% pa) | 6.50 Oct 2024 | monthly | Oct 1990 - Oct 2024 |
Iceland (% pa) | 10.00 Oct 2024 | monthly | Jan 1994 - Oct 2024 |
India (% pa) | 6.50 Oct 2024 | monthly | Apr 2001 - Oct 2024 |
Indonesia (% pa) | 6.00 Nov 2024 | monthly | Jun 2015 - Nov 2024 |
Ireland (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Israel (% pa) | 4.50 Oct 2024 | monthly | Dec 1998 - Oct 2024 |
Italy (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 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 Oct 2024 | monthly | Dec 1965 - Oct 2024 |
Kazakhstan (% pa) | 14.25 Oct 2024 | monthly | Feb 1992 - Oct 2024 |
Kenya (% pa) | 12.00 Oct 2024 | monthly | Jul 2003 - Oct 2024 |
South Korea (% pa) | 3.25 Oct 2024 | monthly | May 1999 - Oct 2024 |
Kosovo (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Kuwait (% pa) | 4.00 Sep 2024 | monthly | Jul 1999 - Sep 2024 |
Kyrgyzstan (% pa) | 9.00 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Laos (% pa) | 7.50 May 2023 | monthly | Dec 1992 - May 2023 |
Latvia (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Lebanon (% pa) | 10.00 Jan 2023 | monthly | Apr 1964 - Jan 2023 |
Lithuania (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Luxembourg (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Macau SAR, China (% pa) | 5.25 Oct 2024 | monthly | Dec 1999 - Oct 2024 |
North Macedonia (% pa) | 5.80 Oct 2024 | monthly | Jan 2002 - Oct 2024 |
Malawi (% pa) | 26.00 Oct 2024 | monthly | Jan 1980 - Oct 2024 |
Malaysia (% pa) | 3.00 Oct 2024 | monthly | Apr 2004 - Oct 2024 |
Malta (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 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 Oct 2024 | monthly | Feb 2001 - Oct 2024 |
Mongolia (% pa) | 10.00 Oct 2024 | monthly | Jul 2007 - Oct 2024 |
Montenegro (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Morocco (% pa) | 2.75 Oct 2024 | monthly | Jun 1995 - Oct 2024 |
Myanmar (% pa) | 7.00 2024 | yearly | 1986 - 2024 |
Nepal (% pa) | 6.50 Sep 2024 | monthly | Jul 2003 - Sep 2024 |
Netherlands (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
New Zealand (% pa) | 5.50 May 2023 | monthly | Mar 1999 - May 2023 |
Nigeria (% pa) | 27.25 Oct 2024 | monthly | Dec 2006 - Oct 2024 |
Norway (% pa) | 4.50 Aug 2024 | monthly | Jan 1991 - Aug 2024 |
Oman (% pa) | 5.25 Nov 2024 | monthly | May 2007 - Nov 2024 |
Pakistan (% pa) | 18.50 Oct 2024 | monthly | Feb 1992 - Oct 2024 |
Paraguay (% pa) | 6.00 Oct 2024 | monthly | Jul 2010 - Oct 2024 |
Peru (% pa) | 5.25 Oct 2024 | monthly | Sep 2003 - Oct 2024 |
Philippines (% pa) | 7.00 May 2024 | monthly | Jun 2016 - May 2024 |
Poland (% pa) | 5.75 Nov 2024 | monthly | Jan 2005 - Nov 2024 |
Portugal (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Qatar (% pa) | 5.70 Oct 2024 | monthly | Mar 2003 - Oct 2024 |
Romania (% pa) | 6.50 Oct 2024 | monthly | Jan 2003 - Oct 2024 |
Russia (% pa) | 21.00 Oct 2024 | monthly | Sep 2013 - Oct 2024 |
Saudi Arabia (% pa) | 5.50 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
Serbia (% pa) | 5.75 Oct 2024 | monthly | Jan 2001 - Oct 2024 |
Singapore (% pa) | 4.00 Jun 2023 | monthly | Jul 2005 - Jun 2023 |
Slovakia (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Slovenia (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
South Africa (% pa) | 8.00 Oct 2024 | monthly | Nov 1999 - Oct 2024 |
Spain (% pa) | 3.40 Oct 2024 | monthly | Jan 1999 - Oct 2024 |
Sri Lanka (% pa) | 8.25 Oct 2024 | monthly | Jan 1997 - Oct 2024 |
Sweden (% pa) | 3.25 Oct 2024 | monthly | Jan 1987 - Oct 2024 |
Switzerland (% pa) | 0.94 Oct 2024 | monthly | Jun 1999 - Oct 2024 |
Syria (% pa) | 5.00 Sep 2024 | monthly | Jan 1962 - Sep 2024 |
Taiwan (% pa) | 2.00 Oct 2024 | monthly | Jul 1961 - Oct 2024 |
Tajikistan (% pa) | 9.00 Oct 2024 | monthly | Jun 1995 - Oct 2024 |
Thailand (% pa) | 2.25 Oct 2024 | monthly | May 2000 - Oct 2024 |
Tunisia (% pa) | 8.00 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
Turkey (% pa) | 50.00 Oct 2024 | monthly | Jun 1996 - Oct 2024 |
Ukraine (% pa) | 13.00 Oct 2024 | monthly | Dec 1992 - Oct 2024 |
United Arab Emirates (% pa) | 4.90 Oct 2024 | monthly | Nov 2007 - Oct 2024 |
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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) | -7.595 Sep 2024 | monthly | Jan 2012 - Sep 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) | 4,779.0 Oct 2024 | monthly | Dec 2010 - Oct 2024 |
Government Debt: % of GDP (%) | 62.1 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Forecast: Government Expenditure (EUR bn) | 4.457 2029 | yearly | 2002 - 2029 |
Forecast: Government Net Debt (EUR bn) | 6.678 2029 | yearly | 2002 - 2029 |
Forecast: Government Revenue (EUR bn) | 3.919 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 Balance: Consolidated: Deficit or Surplus (EUR) | -6,840,077.840 Sep 2024 | monthly | Jan 2012 - Sep 2024 |
General Govt Revenue: Cons: Taxes: Excises (EUR) | 43,213,446.430 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: Cons: ow Current (EUR) | 228,662,844.960 Sep 2024 | monthly | Jan 2012 - Sep 2024 |
General Government Revenue: Consolidated (EUR) | 255,360,081.630 Aug 2024 | monthly | Jan 2012 - Aug 2024 |
General Govt Expenditure: Consolidated (EUR) | 255,225,880.760 Sep 2024 | monthly | Jan 2012 - Sep 2024 |
Gross General Government External Debt (EUR mn) | 4,046.072 Oct 2024 | monthly | Dec 2010 - Oct 2024 |
Gross General Government Debt (EUR mn) | 4,402.555 Oct 2024 | monthly | Dec 2010 - Oct 2024 |
Gross General Government Debt: Domestic (EUR mn) | 356.483 Oct 2024 | monthly | Dec 2010 - Oct 2024 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 1.534 2028 | yearly | 2003 - 2028 |
Trade Balance (USD mn) | -317.1 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
Total Exports (USD mn) | 55.1 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
Total Exports Growth (%) | 18.8 Sep 2024 | monthly | Jan 2006 - Sep 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) | 372.2 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
Total Imports Growth (%) | -4.0 Sep 2024 | monthly | Jan 2006 - Sep 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) | 0.710 Sep 2024 | monthly | Jan 2010 - Sep 2024 |
Total Imports from USA (USD mn) | 3.557 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
Total Exports to China (USD mn) | 0.009 Sep 2024 | monthly | Jan 2010 - Sep 2024 |
Total Imports from China (USD mn) | 48.410 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
Imports (EUR th) | 335,159.322 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
Exports (EUR th) | 49,590.034 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
Exports: Machinery & Transport Equipment (EUR th) | 8,066.066 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 12,570.469 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Exports: Manufactured Goods (EUR th) | 3,583.137 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Exports: Crude Materials: excl Fuels (EUR th) | 8,862.294 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Exports: Food & Live Animals (EUR th) | 4,905.345 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Exports: Europe: EU-28: Slovenia (EUR th) | 3,129.443 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Exports: Europe: CEFTA: Serbia (EUR th) | 11,643.271 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Imports: Miscellaneous Manufactured Goods (EUR th) | 52,751.432 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Imports: Food & Live Animals (EUR th) | 63,717.541 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Imports: Manufactured Goods (EUR th) | 53,603.622 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Imports: Machinery & Transport Equipment (EUR th) | 73,100.504 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) | 41,819.048 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Imports: Europe: CEFTA: Serbia (EUR th) | 58,817.940 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Imports: Europe: EU-28: Greece (EUR th) | 19,171.376 Sep 2024 | monthly | Mar 2009 - Sep 2024 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Direct Investment Abroad (USD mn) | 15.1 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
Current Account Balance (USD mn) | -278.9 Mar 2023 | quarterly | Mar 2004 - Mar 2023 |
Current Account Balance: % of GDP (%) | -23.1 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Foreign Direct Investment (USD mn) | 154.9 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
Foreign Direct Investment: % of GDP (%) | 7.8 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Foreign Portfolio Investment (USD mn) | -11.402 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
Foreign Portfolio Investment: % of GDP (%) | -0.5 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Foreign Portfolio Investment: Equity Securities (USD mn) | 105.1 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
Foreign Portfolio Investment: Debt Securities (USD mn) | 49.891 Jun 2024 | quarterly | Mar 2007 - Jun 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) | -1.492 2029 | yearly | 2001 - 2029 |
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: Serbia (EUR) | 125,266,558.270 2023 | yearly | 2002 - 2023 |
Foreign Direct Investment: Flow: Italy (EUR) | 5,543,222.480 2023 | yearly | 2001 - 2023 |
Foreign Direct Investment: Flow: Switzerland (EUR) | 65,139,405.970 2023 | yearly | 2001 - 2023 |
Foreign Direct Investment: Flow: Russian Federation (EUR) | 112,506,571.770 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 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
Foreign Exchange Reserves (USD mn) | 1,719.4 Sep 2024 | monthly | Dec 2002 - Sep 2024 |
Foreign Exchange Reserves: % of GDP (%) | 20.266 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Foreign Exchange Reserves: Months of Import (NA) | 4.6 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
Gold Reserves (USD mn) | 0.000 Sep 2024 | monthly | Dec 2002 - Sep 2024 |
Total Deposits (USD mn) | 6,314.083 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Total Deposits Growth (%) | 2.5 Sep 2024 | monthly | Jan 2004 - Sep 2024 |
Domestic Credit (USD mn) | 3,687.7 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
Domestic Credit Growth (%) | 1.3 Sep 2024 | monthly | Jan 2006 - Sep 2024 |
Household Debt (USD mn) | 2,100.2 Sep 2024 | monthly | Dec 2004 - Sep 2024 |
Total Loans (USD mn) | 5,134.139 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Total Loans Growth (%) | 15.32 Sep 2024 | monthly | Jan 2004 - Sep 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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