The National Bank of Moldova left its base rate unchanged at 3.25 percent during its June meeting, saying the current stance remains appropriate to support the economy hit by the coronavirus pandemic and ensure price stability. The central bank slashed its rates twice in March. Moldova's annual inflation rate slowed to 4.1 percent in May, the lowest since April 2019 and well below the central bank's mid point target of 5 percent. The rates on overnight credit and overnight deposit were also kept at 6.25 percent and 0.25 percent respectively.
Interest Rate in Moldova averaged 10.29 percent from 2001 until 2020, reaching an all time high of 21 percent in January of 2001 and a record low of 3.25 percent in March 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 July of 2020.
Interest Rate in Moldova is expected to be 3.25 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 3.00 in 12 months time. In the long-term, the Moldova Interest Rate is projected to trend around 3.00 percent in 2021 and 3.75 percent in 2022, according to our econometric models.