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Macedonia Interest Rate

Last Release
Sep 17, 2025
Actual
5.35
Units In
%
Previous
5.35
Frequency
Daily
Next Release
Nov 05, 2025
Time to Release
1 Months 15 Days 15 Hours
Highest
Lowest
Average
Date Range
Source
15.21
Dec 2002
1.25
Mar 2021
5.1 %2002-2025National Bank of the Republic of Macedonia
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.

Latest Updates

The National Bank of North Macedonia kept its benchmark interest rate at 5.35% for a fifth consecutive meeting in September 2025, maintaining a cautious monetary policy stance amid steady domestic growth. Headline inflation eased to 4.4% in August from 4.8% in July, driven by basic goods and food, though risks remain from global uncertainties and commodity price volatility. GDP expanded 3.4% in Q2, the fastest pace in three years, supported by household consumption and gross investment, while net exports contributed slightly negatively. The foreign exchange market remained stable with €4.75 billion in reserves and ongoing central bank interventions. The cautious policy is reinforced by macroprudential measures, including adjustments to reserve requirements, tighter credit standards, and an increase in the countercyclical capital buffer, reflecting a balanced approach to price stability, exchange rate stability, and systemic risk mitigation.

Macedonia Interest Rate History

Last 12 readings

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