The Executive Board of the Macedonian National Bank – NBRM held a regular session and decided to keep the key interest rate at 4%, the National Bank informed on Tuesday.
The session, as reported, reviewed the latest data on the global and domestic economy, as well as financial market developments, in the context of monetary policy.
The National Bank also reported that MKD 36 billion will be offered at the treasury bill auction on March 25, and future auctions will be determined according to the liquidity position of the banking system.
The previous reserve requirement and macroprudential measures provide additional support for the central bank’s prudent policy.
The decision on the interest rate is being made in conditions of increased global uncertainty due to the military conflict in the Middle East, which is already affecting energy prices and oil supplies. In such conditions, the European Central Bank (ECB) kept the interest rate unchanged, revising inflation upwards and growth downwards.
