North Macedonia's central bank decided to raise its policy rate by 50 bps to 2.5%, as a preventive response to the expectations for higher inflation and the downside risks related to it in the forthcoming period. source: National Bank of the Republic of Macedonia

Interest Rate in Macedonia averaged 5 percent from 2002 until 2022, reaching an all time high of 15.21 percent in December of 2002 and a record low of 1.25 percent in March of 2021. 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 - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.

Interest Rate in Macedonia is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macedonia Interest Rate is projected to trend around 2.75 percent in 2023, according to our econometric models.

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Macedonia Interest Rate

Calendar GMT Actual Previous Consensus TEForecast
2014-01-30 03:00 PM Dec 2013 3.25% 3.25% 3.25%
2020-05-13 11:30 AM 1.5% 1.75%
2021-01-13 10:00 AM 1.5% 1.5%

Related Last Previous Unit Reference
Interest Rate 2.50 2.50 percent Aug 2022
Banks Balance Sheet 764642.50 761414.94 MKD Million Jul 2022
Deposit Interest Rate 0.40 0.40 percent Aug 2022
Lending Rate 3.00 3.00 percent Aug 2022
Central Bank Balance Sheet 258195.13 250250.11 MKD Million Jul 2022
Money Supply M2 413533.06 413296.44 MKD Million May 2022
Money Supply M1 208964.63 207574.62 MKD Million May 2022
Money Supply M0 43080.52 44127.53 MKD Million May 2022

Macedonia Interest Rate
In Macedonia, interest rates decisions are taken by the National Bank of the Republic of Macedonia. The National Bank of the Republic of Macedonia official interest rate is the Central Bank bills rate.
Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.50 15.21 1.25 2002 - 2022 percent Daily