The National Bank of Moldova held its benchmark interest rate steady at 5% at its March 2026 meeting, following a 100 bps cut in December. The decision comes amid international turbulence sparked by the Middle East war, with surging global energy prices posing risks to economic growth and inflation worldwide. Moldova’s annual inflation rose to 5.1% in February 2026, from a one-and-a-half-year low of 4.9% in January. The NBM emphasized that previous monetary measures, along with their delayed effects, continue to support its goal of keeping inflation within ±1.5 percentage points of the 5% target. Meanwhile, preliminary estimates showed that the economy grew 3.6% year-on-year in Q4 2025, after a downwardly revised 5.1% expansion in Q3. The central bank signaled vigilance in monitoring domestic and global developments, including the escalating Middle East conflict, and emphasized that it is ready to tighten policy if high energy, food, or raw material prices threaten inflation. source: National Bank of Moldova

The benchmark interest rate in Moldova was last recorded at 5 percent. Interest Rate in Moldova averaged 9.68 percent from 2001 until 2026, reaching an all time high of 21.50 percent in August of 2022 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 April of 2026.

The benchmark interest rate in Moldova was last recorded at 5 percent. Interest Rate in Moldova is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Moldova Interest Rate is projected to trend around 5.25 percent in 2027 and 5.50 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-11 11:50 AM Interest Rate Decision 5% 6% 6%
2026-02-05 10:10 AM Interest Rate Decision 5% 5% 4.75%
2026-03-19 09:45 AM Interest Rate Decision 5% 5% 5%
2026-05-07 11:00 AM Interest Rate Decision 5%
2026-06-18 11:00 AM Interest Rate Decision
2026-08-06 11:00 AM Interest Rate Decision


Related Last Previous Unit Reference
Cash Reserve Ratio 18.00 20.00 percent Mar 2026
Deposit Interest Rate 3.00 3.00 percent Mar 2026
Foreign Exchange Reserves 5059086.55 5019691.33 USD Thousand Mar 2026
Interest Rate 5.00 5.00 percent Mar 2026
Lending Rate 7.00 7.00 percent Mar 2026
Money Supply M0 51067.89 50040.28 MDL Million Feb 2026
Money Supply M1 106587.69 105219.70 MDL Million Feb 2026
Money Supply M2 145776.90 143775.37 MDL Million Feb 2026
Money Supply M3 194430.19 191371.94 MDL Million Feb 2026


Moldova Interest Rate
In Moldova, interest rate decisions are taken by the National Bank of Moldova. The official interest rate is the base rate.
Actual Previous Highest Lowest Dates Unit Frequency
5.00 5.00 21.50 2.65 2001 - 2026 percent Daily

News Stream
Moldova Maintains Policy Rate at 5%
The National Bank of Moldova held its benchmark interest rate steady at 5% at its March 2026 meeting, following a 100 bps cut in December. The decision comes amid international turbulence sparked by the Middle East war, with surging global energy prices posing risks to economic growth and inflation worldwide. Moldova’s annual inflation rose to 5.1% in February 2026, from a one-and-a-half-year low of 4.9% in January. The NBM emphasized that previous monetary measures, along with their delayed effects, continue to support its goal of keeping inflation within ±1.5 percentage points of the 5% target. Meanwhile, preliminary estimates showed that the economy grew 3.6% year-on-year in Q4 2025, after a downwardly revised 5.1% expansion in Q3. The central bank signaled vigilance in monitoring domestic and global developments, including the escalating Middle East conflict, and emphasized that it is ready to tighten policy if high energy, food, or raw material prices threaten inflation.
2026-03-19
Moldova Holds Key Policy Rate at 5%
The National Bank of Moldova left its benchmark interest rate unchanged at 5% on February 5, 2026, following a 100 bps reduction in December. The decision takes into account the delayed effects of prior monetary policies and aims to maintain medium-term inflation within ±1.5 percentage points of the 5% target, deemed optimal for sustainable economic growth. Inflation eased to a one-year low of 6.8% in December 2025, down from 7% in November, and is expected to return to the target range in the first quarter, remaining close to target thereafter. At the same time, the central bank reduced reserve requirements in both Moldovan lei and freely convertible currency to meet the banking system’s liquidity needs. This measure is expected to increase lending capacity to the real and public sectors, supporting aggregate demand by encouraging consumption and investment, and helping balance the national economy and the current account.
2026-02-05
Moldova Cuts Benchmark Rate to 5%
The National Bank of Moldova cut its benchmark interest rate by 100 basis points to 5.0% on December 11, 2025, marking its third rate cut this year and extending its accommodative monetary policy stance. Annual inflation in November remained at 6.99%, above the central target of 5.0% ±1.5%, driven primarily by regulated and food prices. Inflation is expected to return to the target range in December and remain at the lower bound through Q1 2026. The economy continues to show positive growth, providing a supportive environment for policy easing. Industrial production in September grew 9.0% year-on-year, while exports and imports increased 23.1% and 21.2%, respectively. The external environment remains broadly stable, though risks persist from energy, food, and geopolitical factors. Overall, risks to inflation are skewed toward disinflation, reinforcing the need to maintain an accommodative policy stance to achieve medium-term inflation objectives.
2025-12-11