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 Feb 2024, compared with 4.50 % pa in the previous Jan 2024.
  • Montenegro Policy Rate averaged 1.00 % pa and is updated monthly, available from Jan 1999 to Feb 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 Feb 2024 in the chart:

Montenegro Policy Rate

What was Montenegro's Policy Rate in Feb 2024?

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

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

Policy Rate by Country Comparison

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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 Feb 2024 monthly Jan 2000 - Feb 2024
Algeria (% pa) 3.00 Sep 2023 monthly Jan 1963 - Sep 2023
Argentina (%) 108.12 Feb 2024 monthly Aug 1985 - Feb 2024
Armenia (% pa) 8.75 Feb 2024 monthly May 2001 - Feb 2024
Australia (% pa) 4.35 Feb 2024 monthly Aug 1990 - Feb 2024
Austria (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Azerbaijan (% pa) 7.75 Feb 2024 monthly Jan 2005 - Feb 2024
Bahrain (% pa) 6.25 Feb 2024 monthly Jan 2007 - Feb 2024
Bangladesh (% pa) 8.00 Jan 2024 monthly Sep 2009 - Jan 2024
Belarus (% pa) 9.50 Feb 2024 monthly Jul 1991 - Feb 2024
Belgium (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Bolivia (% pa) 3.01 Feb 2024 monthly Jan 2013 - Feb 2024
Botswana (% pa) 3.75 Apr 2022 monthly Aug 1976 - Apr 2022
Brazil (% pa) 11.25 Feb 2024 monthly Mar 1999 - Feb 2024
Bulgaria (% pa) 3.80 Mar 2024 monthly Feb 1991 - Mar 2024
Canada (% pa) 5.00 Feb 2024 monthly Dec 1992 - Feb 2024
Chile (% pa) 7.25 Feb 2024 monthly May 1995 - Feb 2024
China (% pa) 2.65 Jun 2023 monthly Jan 2016 - Jun 2023
Colombia (% pa) 12.75 Feb 2024 monthly Apr 1995 - Feb 2024
Croatia (% pa) 3.00 Dec 2022 monthly Dec 1992 - Dec 2022
Cyprus (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Czech Republic (% pa) 5.25 Feb 2024 monthly Jan 1993 - Feb 2024
Denmark (% pa) 3.60 Feb 2024 monthly Aug 1914 - Feb 2024
Ecuador (% pa) 10.34 Feb 2024 monthly Jul 1995 - Feb 2024
Egypt (% pa) 21.75 Feb 2024 monthly Jan 1991 - Feb 2024
Estonia (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
European Union (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Finland (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
France (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Georgia (% pa) 9.00 Feb 2024 monthly Jan 2008 - Feb 2024
Germany (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Ghana (% pa) 29.50 May 2023 monthly Nov 2002 - May 2023
Greece (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Hong Kong SAR, China (% pa) 5.75 Feb 2024 monthly Jun 1992 - Feb 2024
Hungary (% pa) 9.00 Feb 2024 monthly Oct 1990 - Feb 2024
Iceland (% pa) 10.00 Feb 2024 monthly Jan 1994 - Feb 2024
India (% pa) 6.50 Feb 2024 monthly Apr 2001 - Feb 2024
Indonesia (% pa) 6.00 Feb 2024 monthly Jun 2015 - Feb 2024
Ireland (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Israel (% pa) 4.50 Feb 2024 monthly Dec 1998 - Feb 2024
Italy (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 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 Feb 2024 monthly Dec 1965 - Feb 2024
Kazakhstan (% pa) 14.75 Feb 2024 monthly Feb 1992 - Feb 2024
Kenya (% pa) 13.00 Feb 2024 monthly Jul 2003 - Feb 2024
South Korea (% pa) 3.50 Feb 2024 monthly May 1999 - Feb 2024
Kosovo (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Kuwait (% pa) 4.25 Feb 2024 monthly Jul 1999 - Feb 2024
Kyrgyzstan (% pa) 13.00 Feb 2024 monthly Jan 1999 - Feb 2024
Laos (% pa) 7.50 May 2023 monthly Dec 1992 - May 2023
Latvia (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Lebanon (% pa) 10.00 Jan 2023 monthly Apr 1964 - Jan 2023
Lithuania (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Luxembourg (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Macau SAR, China (% pa) 5.75 Feb 2024 monthly Dec 1999 - Feb 2024
North Macedonia (% pa) 6.30 Mar 2024 monthly Jan 2002 - Mar 2024
Malawi (% pa) 24.00 Feb 2024 monthly Jan 1980 - Feb 2024
Malaysia (% pa) 3.00 Feb 2024 monthly Apr 2004 - Feb 2024
Malta (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Mauritius (% pa) 4.50 Feb 2024 monthly Dec 1999 - Feb 2024
Mexico (% pa) 11.25 Feb 2024 monthly Jan 2008 - Feb 2024
Moldova (% pa) 4.25 Feb 2024 monthly Feb 2001 - Feb 2024
Mongolia (% pa) 13.00 Feb 2024 monthly Jul 2007 - Feb 2024
Montenegro (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Morocco (% pa) 3.00 Feb 2024 monthly Jun 1995 - Feb 2024
Myanmar (% pa) 7.00 2023 yearly 1986 - 2023
Nepal (% pa) 7.00 Feb 2024 monthly Jul 2003 - Feb 2024
Netherlands (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
New Zealand (% pa) 5.50 May 2023 monthly Mar 1999 - May 2023
Nigeria (% pa) 22.75 Feb 2024 monthly Dec 2006 - Feb 2024
Norway (% pa) 4.50 Feb 2024 monthly Jan 1991 - Feb 2024
Oman (% pa) 6.00 Feb 2024 monthly May 2007 - Feb 2024
Pakistan (% pa) 23.00 Feb 2024 monthly Feb 1992 - Feb 2024
Paraguay (% pa) 6.25 Feb 2024 monthly Jul 2010 - Feb 2024
Peru (% pa) 6.25 Feb 2024 monthly Sep 2003 - Feb 2024
Philippines (% pa) 7.00 Feb 2024 monthly Jun 2016 - Feb 2024
Poland (% pa) 5.75 Feb 2024 monthly Jan 2005 - Feb 2024
Portugal (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Qatar (% pa) 6.25 Jan 2024 monthly Mar 2003 - Jan 2024
Romania (% pa) 7.00 Feb 2024 monthly Jan 2003 - Feb 2024
Russia (% pa) 16.00 Feb 2024 monthly Sep 2013 - Feb 2024
Saudi Arabia (% pa) 6.00 Feb 2024 monthly Jan 2000 - Feb 2024
Serbia (% pa) 6.50 Feb 2024 monthly Jan 2001 - Feb 2024
Singapore (% pa) 4.00 Jun 2023 monthly Jul 2005 - Jun 2023
Slovakia (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Slovenia (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
South Africa (% pa) 8.25 Feb 2024 monthly Nov 1999 - Feb 2024
Spain (% pa) 4.50 Feb 2024 monthly Jan 1999 - Feb 2024
Sri Lanka (% pa) 9.00 Feb 2024 monthly Jan 1997 - Feb 2024
Sweden (% pa) 4.00 Feb 2024 monthly Jan 1987 - Feb 2024
Switzerland (% pa) 1.70 Feb 2024 monthly Jun 1999 - Feb 2024
Syria (% pa) 5.00 Feb 2024 monthly Jan 1962 - Feb 2024
Taiwan (% pa) 1.88 Jan 2024 monthly Jul 1961 - Jan 2024
Tajikistan (% pa) 9.50 Feb 2024 monthly Jun 1995 - Feb 2024
Thailand (% pa) 2.50 Feb 2024 monthly May 2000 - Feb 2024
Tunisia (% pa) 8.00 Feb 2024 monthly Jan 2000 - Feb 2024
Turkey (% pa) 45.00 Feb 2024 monthly Jun 1996 - Feb 2024
Ukraine (% pa) 15.00 Feb 2024 monthly Dec 1992 - Feb 2024
United Arab Emirates (% pa) 5.40 Feb 2024 monthly Nov 2007 - Feb 2024

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Montenegro Key Series

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Includes 163 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 (%) -0.5 Sep 2023 quarterly Dec 2012 - Sep 2023
Consolidated Fiscal Balance (USD mn) -158.147 Dec 2023 monthly Jan 2012 - Dec 2023
Tax Revenue (USD mn) 149.467 Dec 2023 monthly Jan 2012 - Dec 2023
Tax Revenue: % of GDP (%) 21.4 Sep 2023 quarterly Mar 2012 - Sep 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) 6.698 2028 yearly 2002 - 2028
Forecast: Government Revenue (EUR bn) 3.392 2028 yearly 2002 - 2028
General Government Revenue: Consolidated (EUR) 255,979,035.020 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Expenditure: Consolidated (EUR) 400,948,545.750 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Expenditure: Cons: ow Current (EUR) 321,973,336.150 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Revenue: Cons: Taxes (EUR) 137,012,115.600 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Revenue: Cons: Taxes: Excises (EUR) 28,494,203.900 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -144,969,510.730 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 87,929,424.080 Dec 2023 monthly Jan 2012 - Dec 2023
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) -280.4 Dec 2023 monthly Jan 2005 - Dec 2023
Total Exports (USD mn) 42.2 Sep 2023 monthly Jan 2005 - Sep 2023
Total Exports Growth (%) -25.3 Dec 2023 monthly Jan 2006 - Dec 2023
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) 368.3 Sep 2023 monthly Jan 2005 - Sep 2023
Total Imports Growth (%) 7.0 Dec 2023 monthly Jan 2006 - Dec 2023
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) 0.756 Sep 2023 monthly Jan 2010 - Sep 2023
Total Imports from USA (USD mn) 4.456 Dec 2023 monthly Jan 2006 - Dec 2023
Total Exports to China (USD mn) 0.064 Sep 2023 monthly Jan 2010 - Sep 2023
Total Imports from China (USD mn) 40.025 Dec 2023 monthly Jan 2006 - Dec 2023
Exports (EUR th) 39,512.254 Sep 2023 monthly Jan 2005 - Sep 2023
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 9,039.979 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Machinery & Transport Equipment (EUR th) 2,755.089 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Food & Live Animals (EUR th) 4,132.036 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Manufactured Goods (EUR th) 4,621.309 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Crude Materials: excl Fuels (EUR th) 9,271.644 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Europe: CEFTA: Serbia (EUR th) 11,608.897 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Europe: EU-28: Slovenia (EUR th) 3,055.071 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Manufactured Goods (EUR th) 58,372.312 Sep 2023 monthly Mar 2009 - Sep 2023
Imports (EUR th) 345,099.221 Sep 2023 monthly Jan 2005 - Sep 2023
Imports: Machinery & Transport Equipment (EUR th) 72,725.624 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 49,674.082 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Miscellaneous Manufactured Goods (EUR th) 49,978.003 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Food & Live Animals (EUR th) 63,956.749 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Europe: CEFTA: Serbia (EUR th) 56,453.887 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Europe: EU-28: Greece (EUR th) 22,544.386 Sep 2023 monthly Mar 2009 - Sep 2023
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 (%) 8.9 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Direct Investment (USD mn) 150.7 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Direct Investment: % of GDP (%) 3.6 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Portfolio Investment (USD mn) 2.789 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -0.3 Sep 2023 quarterly Mar 2010 - Sep 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
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
BoP: Current Account: Goods: Export (EUR th) 120,372.138 Dec 2018 quarterly Mar 2010 - Dec 2018
Gross General Government External Debt (EUR mn) 3,613.400 Jun 2023 monthly Dec 2010 - Jun 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.2 Jul 2023 monthly Aug 2010 - Jul 2023
Household Debt: % of GDP (%) 24.7 Sep 2023 quarterly Dec 2010 - Sep 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 Dec 2023 monthly Jan 2002 - Dec 2023
Foreign Exchange Reserves (USD mn) 1,457.9 Dec 2023 monthly Dec 2002 - Dec 2023
Foreign Exchange Reserves: % of GDP (%) 22.477 Sep 2023 quarterly Dec 2010 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 4.5 Aug 2023 monthly Jan 2005 - Aug 2023
Gold Reserves (USD mn) 0.000 Dec 2023 monthly Dec 2002 - Dec 2023
Total Deposits (USD mn) 5,855.433 Jan 2024 monthly Jan 2003 - Jan 2024
Total Deposits Growth (%) 3.6 Jan 2024 monthly Jan 2004 - Jan 2024
Domestic Credit (USD mn) 3,822.0 Jan 2024 monthly Jan 2005 - Jan 2024
Domestic Credit Growth (%) 7.1 Jan 2024 monthly Jan 2006 - Jan 2024
Household Debt (USD mn) 1,869.3 Dec 2023 monthly Dec 2004 - Dec 2023
Total Loans (USD mn) 4,530.112 Dec 2023 monthly Jan 2003 - Dec 2023
Total Loans Growth (%) 11.89 Dec 2023 monthly Jan 2004 - Dec 2023
Private Debt: % of Nominal GDP (%) 43.36 Sep 2023 quarterly Dec 2010 - Sep 2023
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

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