Macedonia Interest Rate

The National Bank of the Republic of North Macedonia kept its benchmark interest rate unchanged at 5.35% during its April meeting, stating that the current policy stance remains appropriate for prevailing economic conditions. The country’s annual consumer inflation eased to 2.7% in March from 5% in February, marking the lowest rate since last September. Meanwhile, the economy grew by 3.2% year-on-year in Q4 2024, up from 3% in the previous quarter—the strongest pace since Q2 2022. However, the central bank noted that external risks have become more pronounced, while domestic factors affecting demand and price dynamics are also being closely monitored. The committee also maintained the overnight deposit rate at 3.95% and the seven-day deposit rate at 4%.