The benchmark interest rate in Moldova was last recorded at 2.65 percent. source: National Bank of Moldova

Interest Rate in Moldova averaged 9.93 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 July of 2021.

Interest Rate in Moldova is expected to be 2.65 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 2.75 in 12 months time. In the long-term, the Moldova Interest Rate is projected to trend around 3.00 percent in 2022 and 3.50 percent in 2023, according to our econometric models.

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Moldova Interest Rate

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

Calendar GMT Actual Previous Consensus TEForecast
2021-01-29 01:30 PM 2.65% 2.65%
2021-03-05 04:10 PM 2.65% 2.65% 2.65%
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 01:30 PM 2.65% 2.65%
2021-09-03 01:30 PM
2021-10-29 01:30 PM
2021-12-03 01:30 PM

News Stream
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.
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.
Moldova Holds Interest Rates at Record Lows
The National Bank of Moldova held its benchmark interest rate at a record low of 2.65 percent during its December meeting, after slashing it for three consecutive times over the past months aiming to support the economy hit by the coronavirus crisis as well as ensure price stability. The country's annual inflation rate dropped to 1.6 percent in October, the lowest since November 2018 and well below the central bank's mid-point target of 5 percent. Central Bank Governor Octavian Armasu told a briefing that the central bank expected inflation to slow to 0 percent by the end of 2020.
Moldova Cuts Interest Rates to 2.65%
The National Bank of Moldova lowered its benchmark interest rate by 10bps to 2.65% during its November 2020 meeting, after cutting it by 25bps in September and August to stimulate the economy hit by the coronavirus pandemic and ensure price stability. According to the central bank's new forecast, the annual inflation rate will decrease slightly by the end of the current year, and starting with the second quarter of 2021 will record an upward trajectory, reaching the end of the forecast horizon at the 5% level of target inflation.

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