Macedonia’s central bank cuts key rate
Photo by Piotr Swat / Shutterstock.com
The National Bank of the Republic of Macedonia (NBRM) said on May 13 it has decided to cut its key interest rate to 1.5% from 1.75% after consumer prices declined for the first time in five months and to support the economy from the COVID-19 shock.
Photo by Piotr Swat / Shutterstock.com
The move follows two rate reductions by a similar margin during the January and March meetings and brings borrowing costs to its lowest level since records began in January of 2002, Trading Economics reported.
The overnight credit rate was also lowered by 25 basis points to 2% at the same time, while the overnight deposit rate was held steady at 0.15%, Trading Economics added.
Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
