The National Bank of Moldova held its benchmark interest rate at a record low of 2.65 percent during its December meeting, after slashing it for three consecutive times over the past months aiming to support the economy hit by the coronavirus crisis as well as ensure price stability. The country's annual inflation rate dropped to 1.6 percent in October, the lowest since November 2018 and well below the central bank's mid-point target of 5 percent. Central Bank Governor Octavian Armasu told a briefing that the central bank expected inflation to slow to 0 percent by the end of 2020. source: National Bank of Moldova
Interest Rate in Moldova averaged 10.11 percent from 2001 until 2020, reaching an all time high of 21 percent in January of 2001 and a record low of 2.65 percent in November of 2020. This page provides the latest reported value for - Moldova Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Moldova Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Interest Rate in Moldova is expected to be 2.65 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Moldova to stand at 2.50 in 12 months time. In the long-term, the Moldova Interest Rate is projected to trend around 2.50 percent in 2021 and 3.00 percent in 2022, according to our econometric models.