The National Bank of Moldova left its base rate unchanged at 6.5 percent on November 1st 2018, mentioning disinflationary pressures that will persist until the end of the year. In September, annual inflation fell to 2.4 percent from 3.2 percent, reaching the lowest since December of 2016. It came in line with expectations, due to modest aggregate demand, adjustments in electricity tariffs and a strength of the national currency against the euro. Inflation is expected to fall further to 1.9 percent in the end of the year. The overnight credit rate and the overnight deposit rate were also kept at 9.5 percent and 3.5 percent respectively. Interest Rate in Moldova averaged 10.72 percent from 2001 until 2018, reaching an all time high of 21 percent in January of 2001 and a record low of 3.50 percent in April of 2013.
Interest Rate in Moldova is expected to be 6.50 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 6.00 in 12 months time. In the long-term, the Moldova Interest Rate is projected to trend around 6.00 percent in 2020, according to our econometric models.