Montenegro Real Interest Rate
Real interest rate FR.INR.RINR
Montenegro's real interest rate was -4.81% in 2025, ranked 87th globally. This represents a 385.0% decrease from 2024. Data from World Bank, covering 2005–2025.
Overview
Montenegro's real interest rate stood at -4.81% in 2025, a decline of +6.50pp from 2024. Based on recent trends, this figure is projected to reach -4.81% by 2025. Montenegro ranked 87th globally.
Montenegro’s real interest rate has swung dramatically over the 21‑year span from 2005 to 2025, falling from a high of 7.74% in the earliest year to a pronounced trough of –5.74% in 2022 before easing to –4.81% in 2025, placing the country 87th globally. The all‑time peak of 9.31% occurred in 2011, reflecting the post‑global‑financial‑crisis tightening of monetary conditions, while the post‑pandemic environment drove the sharp descent into negative territory by 2022. Compared with peers of similar ranking, Montenegro’s rate is marginally lower than St. Kitts and Nevis (‑4.65%) and higher than Bulgaria (‑5.41%), indicating a modestly tighter stance than some regional counterparts. The persistent negative real rate suggests that inflation expectations remain above policy rates, limiting the effectiveness of conventional monetary tools. Continued fiscal consolidation and a gradual easing of inflation pressures could nudge the real rate toward modest positivity, altering the current downward trajectory.
Data & projection
| Year | Real Interest Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | -7.78% | - | - |
| 2026* trend | -6.30% | - | - |
| 2025* trend | -4.81% | - | - |
| 2025 | -4.81% | −6.50pp | #87 |
| 2024 | 1.69% | +6.47pp | #18 |
| 2023 | -4.78% | +0.96pp | #10 |
| 2022 | -5.74% | −6.39pp | #20 |
| 2021 | 0.66% | −5.74pp | #45 |
| 2020 | 6.40% | +2.29pp | #57 |
| 2019 | 4.11% | +0.99pp | #35 |
| 2018 | 3.12% | +0.70pp | #42 |
| 2017 | 2.43% | −0.13pp | #44 |
| 2016 | 2.56% | −3.94pp | #24 |
| 2015 | 6.50% | −1.69pp | #70 |
| 2014 | 8.18% | +0.54pp | #87 |
| 2013 | 7.65% | −1.51pp | #84 |
| 2012 | 9.15% | −0.16pp | #104 |
| 2011 | 9.31% | +1.74pp | #113 |
Detected Pattern
Analysis
Montenegro matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw real interest rate improve within 24 months. View full analysis →
Frequently Asked Questions
Montenegro's real interest rate was -4.81% in 2025. Ranked 87th globally. This represents a 385.0% decrease from the previous year.
Montenegro's real interest rate peaked at 9.31% in 2011.
The lowest real interest rate in Montenegro was -5.74% in 2022.
Montenegro ranks 87th globally in real interest rate as of 2025.
The World Bank indicator code is FR.INR.RINR. Data sourced from World Bank.
Montenegro's real interest rate is projected to reach -4.81% by 2025 based on trend extrapolation.
The real interest rate of Montenegro in 2025 was -4.81%. This ranks 87th in the world.
Cite this page
@misc{historysaid_montenegro_real-interest-rate,
title = {Montenegro Real Interest Rate},
url = {https://historysaid.com/montenegro/real-interest-rate/},
publisher = {HistorySaid},
year = {2026}
}