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.