The National Bank of Moldova raised its benchmark interest rate by 300bps to 18.5 percent on June 3rd 2022, the eighth consecutive rate hike, as the bank aimed to curb inflation down to its targeted range of around 5%. The bank noted that regional and global economic conditions remain affected by the supply shocks prompted by war in Ukraine, escalating the uncertainty over price movements and economic output in the medium term. Consumer prices increased by 27.1% on the year in April, the highest reading on record, pushed up by more expensive imports from energy and food. Meanwhile, the interest rates on overnight loans and overnight deposits rose by 300bps to 20.5% and 16.5%, respectively. source: National Bank of Moldova
Interest Rate in Moldova averaged 9.90 percent from 2001 until 2022, 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 2022.
Interest Rate in Moldova is expected to be 18.50 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 10.00 percent in 2023 and 5.50 percent in 2024, according to our econometric models.