Interest Rate in North Macedonia

North Macedonia Interest Rate | Economic News & Forecasts

North Macedonia - Interest Rate

Momentum likely waned somewhat in the second quarter after GDP hit an over two-year high in the first quarter. Tourism seems to have weakened in Q2 as overnight stays dropped sharply in May, more than offsetting April’s modest pick-up and was likely a key factor in the softer retail sales growth seen in Q2. Meanwhile, industrial production slowed in April and May on falling manufacturing output. That said, FDI inflows and sustained investment should have cushioned the slowdown. In politics, Parliament approved Prime Minister Zoran Zaev’s cabinet reshuffle in late June; the reshuffle was triggered in an effort to focus on economic reforms amid diminishing public support. This comes on the heels of the European Commission’s delayed a decision on opening accession talks—a key component of the party’s agenda—until no later than October.

North Macedonia - Interest Rate Data

2013  2014  2015  2016  2017  
Policy Interest Rate (%)3.25  3.25  3.25  3.75  3.25  

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North Macedonia Interest Rate Chart

Macedonia Interest Rate
Note: Policy Interest Rate in % (eop).

North Macedonia Facts

Exchange Rate55.24-0.56 %Jul 31
Stock Market0.10.0 %Jul 31

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