The National Bank of Moldova left its base rate unchanged at 6.5 percent on May 7th 2019, keeping borrowing costs at its lowest level since December 2014, while the overnight credit rate and the overnight deposit rate were also kept at 9.5 percent and 3.5 percent respectively. The central bank's decision aims to bring inflation closer to its 5 percent medium term target. The annual inflation rate increased to 2.8 percent in March from 2.4 percent in the previous month. Interest Rate in Moldova averaged 10.59 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 6.50 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 6.00 in 12 months time. In the long-term, the Moldova Interest Rate is projected to trend around 6.00 percent in 2020, according to our econometric models.