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 2023 | Download |
| 1 January to 30 June 2023 | Download |
| 1 July to 31 December 2022 | Download |
| 1 January to 30 June 2022 | Download |
| 1 July to 31 December 2021 | Download |
| 1 January to 30 June 2021 | Download |
| 1 July to 31 December 2020 | Download |
| 1 January to 30 June 2020 | Download |
| 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 |