Default interest rate


Pursuant to the Law on Default Interest Rate (OGM 83/09 and 75/18), it is prescribed that the default interest rate shall be determined semi-annually and calculated annually as the basic default interest rate established by the European Central Bank for the main refinancing operations, increased by a certain amount of percentage points in accordance with Article 3 of the Law.


According to provisions stipulated in Article 5 of the Law, the default interest rate shall be established by the Central Bank of Montenegro and posted on its website on the first business day of the semi-annual period it relates to, and published in the “Official Gazette of Montenegro“ as well.


The enforcement of the Law on Default Interest Rate commenced on 1 January 2010.


In accordance with the aforementioned Law, the following decisions on establishing default interest rate were made:


Semi-annual period
 Decision
1 July to 31 December 2019
Download
1 January to 30 June 2019
Download
1 July to 31 December 2018
Download
1 January to 30 June 2018
Download
1 July to 31 December 2017
Download
1 January to 30 June 2017
Download
1 July to 31 December 2016
Download
1 January to 30 June 2016
Download
1 July to 31 December 2015
Download
1 January to 30 June 2015
Download
1 July to 31 December 2014
Download
1 January to 30 June 2014
Download
1 July to 31 December 2013
Download
1 January to 30 June 2013
Download
1 July to 31 December 2012
Download
1 January to 30 June 2012
Download
1 July to 31 December 2011
Download
1 January to 30 June 2011
Download
1 July to 31 December 2010
Download
1 January to 30 June 2010
Download