Moldova interest rate
National Bank of Moldova
- Policy rate
- 7.50%
- Aug 2026
- Last move
- +0.50 pt
- Aug 2026
- Inflation
- 6.3%
- Jul 2026
- 10-year bond yield
- 7.69%
- Jul 2026
The policy rate set by the National Bank of Moldova is 7.50% as of Aug 2026. Its most recent move: it raised its rate from 7.00% to 7.50% (Aug 2026). The rate is 1.50 percentage points higher than a year earlier. With consumer prices up 6.3% over the 12 months to Jul 2026, the real rate (policy rate minus inflation) is +1.2%: borrowing costs are above inflation.
Policy rate over the past two years
Aug 2026: 7.50%
Rate changes
| When | Decision | From | To | Change |
|---|---|---|---|---|
| Aug 2026 | Hike | 7.00% | 7.50% | +0.50 pt |
| Jun 2026 | Hike | 6.50% | 7.00% | +0.50 pt |
| May 2026 | Hike | 5.00% | 6.50% | +1.50 pt |
| Dec 2025 | Cut | 6.00% | 5.00% | −1.00 pt |
| Sep 2025 | Cut | 6.25% | 6.00% | −0.25 pt |
| Aug 2025 | Cut | 6.50% | 6.25% | −0.25 pt |
| Feb 2025 | Hike | 5.60% | 6.50% | +0.90 pt |
| Jan 2025 | Hike | 3.60% | 5.60% | +2.00 pt |
Changes between month-end rates. Two decisions in one month show up as a single change.
Inflation (% vs a year earlier)
Jul 2026: 6.3%
10-year government bond yield
Jul 2026: 7.69%
Other central banks in Europe
Source: IMF monetary statistics; inflation: IMF CPI; bond yield: IMF monetary statistics. Updated daily. All central bank rates · Moldova economy dashboard