The National Bank of Moldova lowered its benchmark interest rate by another 25 bps to 2.75% during its September 2020 meeting, after cutting it by the same margin in August, to stimulate the economy hit by the coronavirus pandemic and ensure price stability. The country's annual inflation rate dropped to 4.2% in July from 4.3% in June, below the central bank's mid-point target of 5%.
Interest Rate in Moldova averaged 10.20 percent from 2001 until 2020, reaching an all time high of 21 percent in January of 2001 and a record low of 2.75 percent in September 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 October of 2020.
Interest Rate in Moldova is expected to be 2.75 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 2.75 in 12 months time. In the long-term, the Moldova Interest Rate is projected to trend around 2.75 percent in 2021 and 3.00 percent in 2022, according to our econometric models.