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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Moldova Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.65 2.65 21.00 2.65 2001 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-08-06 02:30 PM 3% 3.25% 3%
2020-09-09 02:30 PM 2.75% 3% 3%
2020-11-06 02:30 PM 2.65% 2.75% 2.75%
2020-12-09 12:15 PM 2.65% 2.65% 2.65%


News Stream
Moldova Holds Interest Rates at Record Lows
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.
2020-12-09
Moldova Cuts Interest Rates to 2.65%
The National Bank of Moldova lowered its benchmark interest rate by 10bps to 2.65% during its November 2020 meeting, after cutting it by 25bps in September and August to stimulate the economy hit by the coronavirus pandemic and ensure price stability. According to the central bank's new forecast, the annual inflation rate will decrease slightly by the end of the current year, and starting with the second quarter of 2021 will record an upward trajectory, reaching the end of the forecast horizon at the 5% level of target inflation.
2020-11-06
Moldova Slashes Policy Rate to 2.75%
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%.
2020-09-09
Moldova Cuts Interest Rates by 25 bps
The National Bank of Moldova lowered its benchmark interest rate by 25 bps to 3.0 percent during its August meeting, aiming to support the economy hit by the coronavirus pandemic and ensure price stability. The country's annual inflation rate stood at 4.3 percent in June, below the central bank's mid point target of 5 percent.
2020-08-06

Moldova Interest Rate
In Moldova, interest rate decisions are taken by the National Bank of Moldova. The official interest rate is the base rate.