The National Bank of Moldova raised its benchmark interest rate by 100bps to 4.65 percent on September 3rd 2021, the second consecutive hike in borrowing costs since July 2019. Also, the overnight credit rate and the overnight deposit rate were raised by 1 percentage point, to 7.15 percent and 2.15 percent, respectively. Meantime, the level of reserve requirements for banks holding reserves in US dollars and Moldovan lei remained unchanged. Policymakers said the decision aims to alleviate inflationary pressures from both aggregate supply and demand, as well as the risks and uncertainties caused by the evolution of the pandemic situation. Moldova’s annual inflation rate rose for the sixth straight month to 3.5 percent in July 2021, its highest level since August last year. source: National Bank of Moldova

Interest Rate in Moldova averaged 9.86 percent from 2001 until 2021, reaching an all time high of 21 percent in January of 2001 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 September of 2021.

Interest Rate in Moldova is expected to be 4.65 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 5.50 percent in 2022 and 5.25 percent in 2023, according to our econometric models.

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Moldova Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.65 3.65 21.00 2.65 2001 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2021-04-30 11:50 AM 2.65% 2.65% 2.65%
2021-06-08 01:30 PM 2.65% 2.65% 2.65%
2021-07-30 02:30 PM 3.65% 2.65% 2.65%
2021-09-03 06:00 PM 4.65% 3.65%
2021-10-29 01:30 PM 4.65% 4.65%
2021-12-03 01:30 PM


News Stream
Moldova Hikes Key Rate to 4.65%
The National Bank of Moldova raised its benchmark interest rate by 100bps to 4.65 percent on September 3rd 2021, the second consecutive hike in borrowing costs since July 2019. Also, the overnight credit rate and the overnight deposit rate were raised by 1 percentage point, to 7.15 percent and 2.15 percent, respectively. Meantime, the level of reserve requirements for banks holding reserves in US dollars and Moldovan lei remained unchanged. Policymakers said the decision aims to alleviate inflationary pressures from both aggregate supply and demand, as well as the risks and uncertainties caused by the evolution of the pandemic situation. Moldova’s annual inflation rate rose for the sixth straight month to 3.5 percent in July 2021, its highest level since August last year.
2021-09-03
Moldova Hikes Key Rate to 3.65%
The National Bank of Moldova raised its benchmark interest rate by 100bps to 3.65 percent on July 30th 2021, the first hike in borrowing costs since July 2019. Also, the overnight credit rate and the overnight deposit rate were also raised to 6.15 percent and 1.15 percent, respectively. Meantime, the level of reserve requirements for banks holding reserves in US dollars and Moldovan lei remained unchanged. Moldova’s annual inflation rate rose for the fifth straight month to 3.2 percent in June 2021, its highest level since last August. Policymakers said there is a risk that inflation exceeds the upper limit of the target range in the pro-inflationary target amid the faster-than-expected recovery of the world economy and Moldova's main foreign trade partners.
2021-07-30
Moldova Holds Interest Rates, Cuts Reserve Requirements
The National Bank of Moldova held its benchmark interest rate at 2.65 percent during its March meeting, but lowered the reserve requirements for banks holding reserves in US dollars and Moldovan lei by 2.0 percentage points. Policymakers said the decision aims to create monetary conditions that contribute to the return of inflation in the range of ± 1.5 percentage points from the target of 5.0 percent.
2021-03-05
Moldova Holds Policy Rate at 2.65%
The National Bank of Moldova held its benchmark interest rate at a record low of 2.65 percent during its January meeting, after the annual inflation rate slowed its lowest level since December 2009 at 0.4%. The central bank slashed rates by 285bps in 2020 to support the banking system amid market volatility due to the spread of the novel coronavirus.
2021-01-29

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