In addition to car, consumer, residential, there will be interest rate adjustments on the salary deduction and credit cards. The decision on how much the interest rates will rise and when will be individual from bank to bank.
The signal that money must rise in order to slow inflation is sent by the National Bank, which tightened monetary policy with the decision to increase the interest rate on treasury bills by 0.25 percentage points, and from the current 1.25 it will now be 1.5 percent. .
“Given the subsequent changes to the reserve requirement decision, as well as the change in the key interest rate, our members are still considering options for adjusting interest rates. Accordingly, they can be expected to adjust interest rates in accordance with their business policies,” said the Macedonian Banking Association.