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.

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Moldova Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.75 3.00 21.00 2.75 2001 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2020-05-11 02:00 PM 3.25% 3.25% 3%
2020-06-11 02:45 PM 3.25% 3.25% 3%
2020-08-06 02:30 PM 3% 3.25% 3%
2020-09-09 02:30 PM 2.75% 3% 3%
2020-10-30 12:00 PM 2.75% 2.75%
2020-12-02 12:00 PM 2.75%


News Stream
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 Holds Policy Rate at 3.25%
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.
2020-06-11
Moldova Leaves Monetary Policy Unchanged
The National Bank of Moldova left its base rate unchanged at 3.25 percent during its May meeting. The central bank slashed its rate twice in March aiming to support the banking system amid market volatility due to the coronavirus pandemic. The headline inflation fell to 5.25% in April from 5.9% in March, close to the bank’s target of 5 percent. The overnight credit rate and the overnight deposit rate were also kept at 6.25 percent and 0.25 percent respectively.
2020-05-11

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