The central bank of Macedonia held its key interest rate at a record low of 1.5 percent during its January meeting, after it had slashed it by 75bps in 2020 to prop up the economy struggling with the impact of the Covid-19 illness. Policymakers noted cumulative inflation in 2020 was 1.2 percent, in line with the central bank's latest inflation forecast. The central bank concluded that the economic flows are currently stable and the latest macroeconomic indicators are generally in line with expectations. However, the uncertainty and risks related to the Covid-19 pandemic remain, both globally and domestically. source: National Bank of the Republic of Macedonia
Interest Rate in Macedonia averaged 5.29 percent from 2002 until 2021, reaching an all time high of 15.21 percent in December of 2002 and a record low of 1.50 percent in May of 2020. This page provides the latest reported value for - Macedonia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Macedonia Interest Rate - values, historical data and charts - was last updated on January of 2021.
Interest Rate in Macedonia is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Macedonia to stand at 1.50 in 12 months time. In the long-term, the Macedonia Interest Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.