**New Law Limits Interest Rates on Loans and Credit Cards**
The Serbian National Bank (NBS) wants to make sure people don’t get charged too much interest when they borrow money. The bank’s governor, Jorgovanka Tabakovic, said a new law will limit the interest rates on most types of loans.
The law will control the interest rates on credit cards and overdrafts. This means that banks can’t charge customers very high interest rates for these kinds of borrowing. Credit card interest rates will be limited to 17.75 percent, while overdraft interest rates will be capped at 19.75 percent until the NBS changes its key policy rate.
The goal is also to make it easier for people to get housing loans with fixed interest rates. The government wants banks to approve more of these kinds of loans and hopes customers will take advantage of them.