The National Bank of Moldova lowered its base rate by 200bps to 5.5 percent on December 12th, bringing borrowing costs to its lowest since December 2014. It comes after inflation rose to 7.1 percent, the highest since December 2017 and well above the central bank’s target of 5 percent. Interest Rate in Moldova averaged 10.48 percent from 2001 until 2019, 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 5.50 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 5.50 in 12 months time. In the long-term, the Moldova Interest Rate is projected to trend around 5.50 percent in 2020, according to our econometric models.