The National Bank of Moldova left its base rate unchanged at 6.5 percent on December 12th 2018, mentioning a lower than expected inflation rate in the last two months, mainly due to an anticipated slowdown in food prices. In November, annual inflation rate fell to a near 9-year low of 0.9 percent from 1.2 percent in October. Policymakers expect inflation at 1.9 percent in the end of the year. The central bank added disinflationary pressures will persist until the second quarter of 2019. 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 10.68 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.