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.

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Moldova Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-03-15 06:30 PM 12.5% 10.5% 12%
2022-05-05 12:00 PM 15.5% 12.5% 13%
2022-06-03 11:10 AM 18.5% 15.5%
2022-08-08 12:00 PM 18.5%
2022-09-13 12:00 PM
2022-11-08 12:00 PM


Related Last Previous Unit Reference
Interest Rate 18.50 15.50 percent Jun 2022
Money Supply M0 30188.18 30119.67 MDL Million May 2022
Money Supply M3 112967.18 110376.44 MDL Million May 2022
Deposit Interest Rate 16.50 13.50 percent Jun 2022
Foreign Exchange Reserves 3562820.55 3494222.08 USD Thousand Jun 2022
Money Supply M2 77462.03 76391.85 MDL Million May 2022
Money Supply M1 56693.04 55849.07 MDL Million May 2022
Lending Rate 10.50 10.50 percent Apr 2022
Cash Reserve Ratio 28.00 28.00 percent Apr 2022

Moldova Interest Rate
In Moldova, interest rate decisions are taken by the National Bank of Moldova. The official interest rate is the base rate.
Actual Previous Highest Lowest Dates Unit Frequency
18.50 15.50 21.00 2.65 2001 - 2022 percent Daily

News Stream
Moldova Hikes Interest Rate to 18.5%
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.
2022-06-03
Moldova Hikes Key Rate to 10.5%
The National Bank of Moldova raised its benchmark interest rate by 200 bps to 10.5 percent on February 15th, 2022 to curb inflation and bring it down to its targeted range of 5 +/- 1.5% in order to stabilize the economy. It was the fifth consecutive hike in base rate. Consumer prices increased by 16.6% on the year in January, the highest since May of 2008 and far above the Central Bank’s target, pushed up by expensive energy imports. At the same time, the overnight deposit rate rose by 200bps to 8.5 percent, its highest level since 2016, while overnight credits also rose by 200bps to 12.5 percent.
2022-02-15
Moldova Hikes Key Rate to 6.5% in Extraordinary Meeting
The National Bank of Moldova raised its benchmark interest rate by 200bps to 8.5 percent during an extraordinary meeting on January 13th, 2022 held to address the recent acceleration in inflation due to supply shocks. It was the fourth consecutive base rate hike. Consumer prices increased by 13.94% on the year in December, the highest since 2008 and far above the central bank’s target of 5%, pushed up by external energy, agricultural, and raw material prices. At the same time, the overnight deposit rate rose by 200bps to 6.5 percent, its highest level since 2016, while overnight credits rose also rose by 200bps to 10.5 percent.
2022-01-13