National Bank of the Republic of North Macedonia · CB bills rate
North Macedonia · MKD · Policy rate
The National Bank of the Republic of North Macedonia’s CB bills rate is 4.25 %, last changed on 17 Jun 2026 when it was raised by 25 bp from 4.00 %.
4.25 %
- Last change
- raised +25 bp·
- Previous rate
- 4.00 %
- Next decision
- —
- Latest observation
- Source
- BIS
4.25 % ·
2 Nov 20210.00 – 6.30 %2 Nov 2026
Recent decisions
| Date | Rate | Change |
|---|---|---|
| 4.25 % | +25 bp | |
| 4.00 % | −135 bp | |
| 5.35 % | −20 bp | |
| 5.55 % | −25 bp | |
| 5.80 % | −25 bp | |
| 6.05 % | −25 bp | |
| 6.30 % | +15 bp | |
| 6.15 % | +15 bp | |
| 6.00 % | +25 bp |
Changes are dated by when they took effect; holds by the announcement day. We do not track this bank’s meeting calendar, so only changes are listed.
At a glance
- Economy
- North Macedonia
- Currency
- MKD
- Type
- Policy rate
- Set by
- National Bank of the Republic of North Macedonia
- History since
- 2000
- Changes in the last 12 months
- 2
Questions and answers
- What is the current National Bank of the Republic of North Macedonia interest rate?
- The National Bank of the Republic of North Macedonia’s CB bills rate is 4.25 %, last changed on 17 Jun 2026 when it was raised by 25 bp from 4.00 %.
- When did the National Bank of the Republic of North Macedonia last change its rate?
- On 17 Jun 2026, when the CB bills rate was raised by 25 bp to 4.25 % from 4.00 %.
- When is the next National Bank of the Republic of North Macedonia rate decision?
- The bank does not publish a decision calendar that we track.
Decisions by year since 2016
2026net +25 bp
| Date | Rate | Change |
|---|---|---|
| 4.25 % | +25 bp |
2025net −155 bp
| Date | Rate | Change |
|---|---|---|
| 4.00 % | −135 bp | |
| 5.35 % | −20 bp |
2024net −75 bp
| Date | Rate | Change |
|---|---|---|
| 5.55 % | −25 bp | |
| 5.80 % | −25 bp | |
| 6.05 % | −25 bp |
2023net +155 bp
| Date | Rate | Change |
|---|---|---|
| 6.30 % | +15 bp | |
| 6.15 % | +15 bp | |
| 6.00 % | +25 bp | |
| 5.75 % | +25 bp | |
| 5.50 % | +25 bp | |
| 5.25 % | +50 bp |
2022net +350 bp
| Date | Rate | Change |
|---|---|---|
| 4.75 % | +50 bp | |
| 4.25 % | +75 bp | |
| 3.50 % | +50 bp | |
| 3.00 % | +50 bp | |
| 2.50 % | +50 bp | |
| 2.00 % | +25 bp | |
| 1.75 % | +25 bp | |
| 1.50 % | +25 bp |
2021net −25 bp
| Date | Rate | Change |
|---|---|---|
| 1.25 % | −25 bp |
2020net −75 bp
| Date | Rate | Change |
|---|---|---|
| 1.50 % | −25 bp | |
| 1.75 % | −25 bp | |
| 2.00 % | −25 bp |
2019net −25 bp
| Date | Rate | Change |
|---|---|---|
| 2.25 % | −25 bp |
2018net −75 bp
| Date | Rate | Change |
|---|---|---|
| 2.50 % | −25 bp | |
| 2.75 % | −25 bp | |
| 3.00 % | −25 bp |
2017net −50 bp
| Date | Rate | Change |
|---|---|---|
| 3.25 % | −25 bp | |
| 3.50 % | −25 bp |
2016net −25 bp
| Date | Rate | Change |
|---|---|---|
| 3.75 % | −25 bp |
Dates before 2021 are month precision (monthly BIS data).
Other rates in Europe
- Euro area · European Central Bank2.50 %
- United Kingdom · Bank of England3.75 %
- Switzerland · Swiss National Bank0.00 %
- Sweden · Sveriges Riksbank1.75 %
- Norway · Norges Bank4.50 %
- Czechia · Czech National Bank3.75 %
- Denmark · Danmarks Nationalbank2.10 %
- Hungary · Magyar Nemzeti Bank5.50 %
- Iceland · Central Bank of Iceland8.00 %
- Poland · Narodowy Bank Polski3.75 %
- Romania · National Bank of Romania6.50 %
- Russia · Bank of Russia14.00 %
- Serbia · National Bank of Serbia5.75 %
- Türkiye · Central Bank of the Republic of Türkiye36.00 %
Source: BIS central bank policy rates. Latest observation 21 Oct 2026. Refreshed every 30 minutes.