The National Bank of Moldova raised its benchmark interest rate by 250 basis points to 9% in September 2026, lifting borrowing costs to their highest level since 2023, citing economic uncertainty and volatility in energy markets. Headline inflation accelerated to 6.96% in August, remaining near the upper limit of the central bank’s 5 ± 1.5% target range, reflecting the impact of higher international oil prices on inflationary pressures. However, inflation was lower than expected due to the delayed adjustment of natural gas tariffs. Meanwhile, economic activity accelerated to 0.9% in the second quarter, supported by industry, agriculture, financial and insurance activities, and trade. Looking ahead, inflation is expected to continue rising relatively quickly through the end of 2026, although the outlook will depend on energy and food prices, external financing, the fiscal impulse, and the implementation of the new fiscal policy for 2027. After 2026, policymakers expect disinflation. source: National Bank of Moldova
The benchmark interest rate in Moldova was last recorded at 9 percent. Interest Rate in Moldova averaged 9.64 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 October of 2026.
The benchmark interest rate in Moldova was last recorded at 9 percent. Interest Rate in Moldova is expected to be 9.00 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 7.00 percent in 2027 and 6.00 percent in 2028, according to our econometric models.