National Bank of North Macedonia

Official policy rate, 4.25% since 17 June 2026.

as of 2026-09-08 ยท BIS daily levels ยท 384 decisions since 2000

North MacedoniaยทMKDยทall central banks
2026-09-08 ยท 4.25%
05101520Official policy rate20002006201320202026

Every decision

Newest first; a shaded row marks a change of instrument.

2026-06-174.25%
Official policy rate+0.25%
2025-12-244.00%
Official policy rateโˆ’1.35%
2025-02-055.35%
Official policy rateโˆ’0.20%
2024-12-185.55%
Official policy rateโˆ’0.25%
2024-10-245.80%
Official policy rateโˆ’0.25%
2024-09-186.05%
Official policy rateโˆ’0.25%
2023-09-206.30%
Official policy rate+0.15%
2023-08-036.15%
Official policy rate+0.15%
2023-06-216.00%
Official policy rate+0.25%
2023-05-105.75%
Official policy rate+0.25%
2023-03-225.50%
Official policy rate+0.25%
2023-02-155.25%
Official policy rate+0.50%
Show all 384 decisions
2022-12-144.75%
Official policy rate+0.50%
2022-11-164.25%
Official policy rate+0.75%
2022-10-123.50%
Official policy rate+0.50%
2022-09-143.00%
Official policy rate+0.50%
2022-07-132.50%
Official policy rate+0.50%
2022-06-152.00%
Official policy rate+0.25%
2022-05-111.75%
Official policy rate+0.25%
2022-04-131.50%
Official policy rate+0.25%
2021-03-101.25%
Official policy rateโˆ’0.25%
2020-05-131.50%
Official policy rateโˆ’0.25%
2020-03-161.75%
Official policy rateโˆ’0.25%
2020-01-152.00%
Official policy rateโˆ’0.25%
2019-03-132.25%
Official policy rateโˆ’0.25%
2018-12-122.50%
Official policy rateโˆ’0.25%
2018-08-152.75%
Official policy rateโˆ’0.25%
2018-03-153.00%
Official policy rateโˆ’0.25%
2017-02-153.25%
Official policy rateโˆ’0.25%
2017-01-113.50%
Official policy rateโˆ’0.25%
2016-12-143.75%
Official policy rateโˆ’0.25%
2016-05-114.00%
Official policy rate+0.75%
2013-07-103.25%
Official policy rate+0.04%
2013-06-123.21%
Official policy rateโˆ’0.16%
2013-05-153.37%
Official policy rateโˆ’0.01%
2013-04-103.38%
Official policy rateโˆ’0.04%
2013-03-133.42%
Official policy rateโˆ’0.06%
2013-02-133.48%
Official policy rateโˆ’0.01%
2013-01-093.49%
Official policy rateโˆ’0.24%
2012-06-133.73%
Official policy rate+0.02%
2012-05-093.71%
Official policy rateโˆ’0.22%
2012-05-023.93%
Official policy rateโˆ’0.01%
2012-04-253.94%
Official policy rateโˆ’0.03%
2012-04-183.97%
Official policy rate+0.03%
2012-04-113.94%
Official policy rateโˆ’0.06%
2010-12-154.00%
Official policy rateโˆ’0.50%
2010-12-104.50%
Official policy rate+0.50%
2010-12-094.00%
Official policy rateโˆ’0.50%
2010-08-184.50%
Official policy rateโˆ’0.50%
2010-06-165.00%
Official policy rateโˆ’1.00%
2010-05-266.00%
Official policy rateโˆ’0.50%
2010-03-316.50%
Official policy rateโˆ’1.00%
2010-02-107.50%
Official policy rateโˆ’0.50%
2010-01-058.00%
Official policy rateโˆ’0.50%
2009-12-028.50%
Official policy rateโˆ’0.50%
2009-04-019.00%
Official policy rate+2.00%
2008-05-147.00%
Official policy rate+1.00%
2008-03-136.00%
Official policy rate+0.75%
2008-02-205.25%
Official policy rate+0.17%
2008-02-135.08%
Official policy rate+0.10%
2008-02-064.98%
Official policy rateโˆ’0.01%
2008-01-304.99%
Official policy rate+0.04%
2008-01-234.95%
Official policy rate+0.07%
2008-01-164.88%
Official policy rate+0.06%
2008-01-094.82%
Official policy rateโˆ’0.01%
2008-01-024.83%
Official policy rate+0.02%
2007-12-264.81%
Official policy rate+0.04%
2007-12-194.77%
Official policy rate+0.01%
2007-12-124.76%
Official policy rate+0.04%
2007-12-054.72%
Official policy rateโˆ’0.02%
2007-11-284.74%
Official policy rate+0.02%
2007-11-214.72%
Official policy rate+0.21%
2007-11-144.51%
Official policy rateโˆ’0.14%
2007-11-074.65%
Official policy rateโˆ’0.13%
2007-10-314.78%
Official policy rateโˆ’0.08%
2007-10-244.86%
Official policy rateโˆ’0.01%
2007-10-174.87%
Official policy rate+0.07%
2007-10-104.80%
Official policy rate+0.21%
2007-10-034.59%
Official policy rateโˆ’0.09%
2007-09-264.68%
Official policy rateโˆ’0.04%
2007-09-194.72%
Official policy rateโˆ’0.23%
2007-09-124.95%
Official policy rateโˆ’0.04%
2007-09-054.99%
Official policy rateโˆ’0.12%
2007-08-295.11%
Official policy rateโˆ’0.02%
2007-08-225.13%
Official policy rate+0.05%
2007-08-155.08%
Official policy rateโˆ’0.03%
2007-08-085.11%
Official policy rate+0.01%
2007-08-015.10%
Official policy rateโˆ’0.07%
2007-07-255.17%
Official policy rateโˆ’0.01%
2007-07-185.18%
Official policy rate+0.06%
2007-07-115.12%
Official policy rate+0.11%
2007-07-045.01%
Official policy rate+0.03%
2007-06-274.98%
Official policy rate+0.12%
2007-06-204.86%
Official policy rateโˆ’0.02%
2007-06-134.88%
Official policy rate+0.02%
2007-06-064.86%
Official policy rateโˆ’0.14%
2007-05-305.00%
Official policy rateโˆ’0.07%
2007-05-165.07%
Official policy rateโˆ’0.01%
2007-05-095.08%
Official policy rate+0.04%
2007-05-025.04%
Official policy rateโˆ’0.01%
2007-04-185.05%
Official policy rateโˆ’0.03%
2007-04-115.08%
Official policy rateโˆ’0.11%
2007-04-045.19%
Official policy rateโˆ’0.06%
2007-03-285.25%
Official policy rateโˆ’0.09%
2007-03-215.34%
Official policy rateโˆ’0.03%
2007-03-145.37%
Official policy rate+0.03%
2007-03-075.34%
Official policy rateโˆ’0.02%
2007-02-215.36%
Official policy rate+0.08%
2007-02-145.28%
Official policy rateโˆ’0.44%
2007-02-075.72%
Official policy rate+0.14%
2007-01-315.58%
Official policy rateโˆ’0.23%
2007-01-245.81%
Official policy rate+0.01%
2007-01-175.80%
Official policy rateโˆ’0.04%
2007-01-105.84%
Official policy rate+0.11%
2007-01-035.73%
Official policy rateโˆ’0.08%
2006-12-275.81%
Official policy rate+0.10%
2006-12-205.71%
Official policy rateโˆ’0.12%
2006-12-135.83%
Official policy rate+0.20%
2006-12-065.63%
Official policy rateโˆ’0.18%
2006-11-295.81%
Official policy rate+0.15%
2006-11-225.66%
Official policy rate+0.08%
2006-11-155.58%
Official policy rateโˆ’0.05%
2006-11-085.63%
Official policy rate+0.08%
2006-11-015.55%
Official policy rateโˆ’0.17%
2006-10-255.72%
Official policy rate+0.19%
2006-10-185.53%
Official policy rate+0.17%
2006-10-125.36%
Official policy rate+0.01%
2006-10-045.35%
Official policy rate+0.01%
2006-09-275.34%
Official policy rate+0.01%
2006-09-205.33%
Official policy rate+0.07%
2006-09-135.26%
Official policy rateโˆ’0.23%
2006-09-065.49%
Official policy rateโˆ’0.01%
2006-08-305.50%
Official policy rateโˆ’0.25%
2006-08-235.75%
Official policy rate+0.33%
2006-08-165.42%
Official policy rateโˆ’0.04%
2006-08-095.46%
Official policy rateโˆ’0.01%
2006-08-035.47%
Official policy rateโˆ’0.09%
2006-07-265.56%
Official policy rate+0.03%
2006-07-195.53%
Official policy rateโˆ’0.05%
2006-07-125.58%
Official policy rateโˆ’0.02%
2006-07-065.60%
Official policy rate+0.10%
2006-06-265.50%
Official policy rateโˆ’0.38%
2006-06-215.88%
Official policy rateโˆ’0.04%
2006-06-145.92%
Official policy rate+0.05%
2006-06-075.87%
Official policy rate+0.17%
2006-05-315.70%
Official policy rate+0.07%
2006-05-245.63%
Official policy rateโˆ’0.05%
2006-05-175.68%
Official policy rateโˆ’0.02%
2006-05-105.70%
Official policy rateโˆ’0.07%
2006-05-035.77%
Official policy rateโˆ’0.15%
2006-04-265.92%
Official policy rateโˆ’0.25%
2006-04-196.17%
Official policy rateโˆ’0.12%
2006-04-126.29%
Official policy rateโˆ’0.04%
2006-04-056.33%
Official policy rateโˆ’0.11%
2006-03-296.44%
Official policy rateโˆ’0.08%
2006-03-226.52%
Official policy rateโˆ’0.40%
2006-03-156.92%
Official policy rateโˆ’0.03%
2006-03-086.95%
Official policy rateโˆ’0.27%
2006-03-017.22%
Official policy rate+0.04%
2006-02-227.18%
Official policy rate+0.08%
2006-02-157.10%
Official policy rate+0.07%
2006-02-087.03%
Official policy rate+0.09%
2006-02-016.94%
Official policy rateโˆ’0.10%
2006-01-277.04%
Official policy rateโˆ’0.06%
2006-01-207.10%
Official policy rate+0.03%
2006-01-187.07%
Official policy rateโˆ’0.02%
2006-01-137.09%
Official policy rateโˆ’0.16%
2006-01-117.25%
Official policy rateโˆ’0.50%
2006-01-067.75%
Official policy rateโˆ’0.42%
2006-01-048.17%
Official policy rateโˆ’0.20%
2005-12-308.37%
Official policy rateโˆ’0.09%
2005-12-288.46%
Official policy rateโˆ’0.10%
2005-12-238.56%
Official policy rate+0.12%
2005-12-218.44%
Official policy rateโˆ’0.06%
2005-12-168.50%
Official policy rate+0.08%
2005-12-148.42%
Official policy rateโˆ’0.22%
2005-12-098.64%
Official policy rate+0.07%
2005-12-078.57%
Official policy rateโˆ’0.17%
2005-12-028.74%
Official policy rateโˆ’0.03%
2005-11-308.77%
Official policy rateโˆ’0.09%
2005-11-258.86%
Official policy rate+0.03%
2005-11-238.83%
Official policy rateโˆ’0.08%
2005-11-188.91%
Official policy rate+0.03%
2005-11-168.88%
Official policy rateโˆ’0.14%
2005-11-119.02%
Official policy rateโˆ’0.13%
2005-11-099.15%
Official policy rateโˆ’0.64%
2005-11-049.79%
Official policy rateโˆ’0.03%
2005-11-029.82%
Official policy rateโˆ’0.03%
2005-10-289.85%
Official policy rate+0.05%
2005-10-269.80%
Official policy rateโˆ’0.20%
2004-11-1210.00%
Official policy rate+1.00%
2004-09-299.00%
Official policy rate+0.50%
2004-08-188.50%
Official policy rate+0.50%
2004-02-188.00%
Official policy rate+0.85%
2004-02-137.15%
Official policy rate+0.30%
2004-02-116.85%
Official policy rateโˆ’0.06%
2004-02-066.91%
Official policy rate+0.10%
2004-02-046.81%
Official policy rate+0.07%
2004-01-306.74%
Official policy rateโˆ’0.06%
2004-01-286.80%
Official policy rateโˆ’0.04%
2004-01-236.84%
Official policy rate+0.12%
2004-01-216.72%
Official policy rateโˆ’0.06%
2004-01-166.78%
Official policy rate+0.05%
2004-01-146.73%
Official policy rateโˆ’0.03%
2004-01-096.76%
Official policy rate+0.04%
2004-01-066.72%
Official policy rate+0.07%
2003-12-316.65%
Official policy rateโˆ’0.10%
2003-12-266.75%
Official policy rate+0.20%
2003-12-246.55%
Official policy rate+0.41%
2003-12-176.14%
Official policy rate+0.51%
2003-12-125.63%
Official policy rateโˆ’0.16%
2003-12-105.79%
Official policy rate+0.02%
2003-12-055.77%
Official policy rate+0.02%
2003-12-035.75%
Official policy rateโˆ’0.04%
2003-11-285.79%
Official policy rateโˆ’0.12%
2003-11-265.91%
Official policy rateโˆ’0.09%
2003-11-216.00%
Official policy rateโˆ’0.08%
2003-11-196.08%
Official policy rateโˆ’0.11%
2003-11-146.19%
Official policy rateโˆ’0.01%
2003-11-126.20%
Official policy rateโˆ’0.12%
2003-11-076.32%
Official policy rateโˆ’0.08%
2003-11-056.40%
Official policy rate+0.02%
2003-10-316.38%
Official policy rateโˆ’0.06%
2003-10-296.44%
Official policy rateโˆ’0.03%
2003-10-246.47%
Official policy rateโˆ’0.10%
2003-10-226.57%
Official policy rateโˆ’0.43%
2003-04-117.00%
Official policy rate+0.06%
2003-04-096.94%
Official policy rate+0.16%
2003-04-076.78%
Official policy rateโˆ’0.29%
2003-04-047.07%
Official policy rateโˆ’0.45%
2003-04-027.52%
Official policy rateโˆ’0.41%
2003-03-317.93%
Official policy rateโˆ’0.44%
2003-03-288.37%
Official policy rateโˆ’0.28%
2003-03-268.65%
Official policy rateโˆ’0.33%
2003-03-248.98%
Official policy rateโˆ’0.14%
2003-03-219.12%
Official policy rateโˆ’0.37%
2003-03-199.49%
Official policy rateโˆ’0.26%
2003-03-179.75%
Official policy rateโˆ’0.01%
2003-03-149.76%
Official policy rateโˆ’0.22%
2003-03-129.98%
Official policy rate+0.02%
2003-03-109.96%
Official policy rateโˆ’0.40%
2003-03-0710.36%
Official policy rate+0.01%
2003-03-0510.35%
Official policy rateโˆ’0.41%
2003-03-0310.76%
Official policy rateโˆ’0.66%
2003-02-2811.42%
Official policy rateโˆ’0.46%
2003-02-2611.88%
Official policy rateโˆ’0.31%
2003-02-2412.19%
Official policy rate+0.17%
2003-02-2112.02%
Official policy rateโˆ’0.82%
2003-02-1912.84%
Official policy rateโˆ’0.57%
2003-02-1713.41%
Official policy rateโˆ’0.16%
2003-02-1413.57%
Official policy rateโˆ’0.38%
2003-02-1213.95%
Official policy rateโˆ’0.46%
2003-02-1014.41%
Official policy rateโˆ’0.69%
2003-02-0715.10%
Official policy rateโˆ’0.30%
2003-02-0515.40%
Official policy rate+0.10%
2003-02-0315.30%
Official policy rate+0.25%
2003-01-3115.05%
Official policy rateโˆ’0.55%
2003-01-2915.60%
Official policy rateโˆ’0.26%
2003-01-2715.86%
Official policy rate+0.04%
2003-01-2415.82%
Official policy rate+0.26%
2003-01-2215.56%
Official policy rate+0.10%
2003-01-2015.46%
Official policy rate+1.09%
2003-01-1714.37%
Official policy rate+0.69%
2003-01-1513.68%
Official policy rate+0.22%
2003-01-1313.46%
Official policy rateโˆ’0.60%
2003-01-1014.06%
Official policy rateโˆ’0.82%
2003-01-0814.88%
Official policy rateโˆ’0.34%
2002-12-3015.22%
Official policy rateโˆ’0.34%
2002-12-2715.56%
Official policy rateโˆ’0.04%
2002-12-2515.60%
Official policy rate+0.04%
2002-12-2315.56%
Official policy rate+0.01%
2002-12-2015.55%
Official policy rateโˆ’0.05%
2002-12-1815.60%
Official policy rate+0.20%
2002-12-1615.40%
Official policy rateโˆ’0.19%
2002-12-1315.59%
Official policy rate+0.13%
2002-12-1115.46%
Official policy rateโˆ’0.05%
2002-12-0915.51%
Official policy rate+0.04%
2002-12-0615.47%
Official policy rate+1.17%
2002-12-0414.30%
Official policy rate+0.54%
2002-12-0213.76%
Official policy rateโˆ’0.25%
2002-11-2914.01%
Official policy rate+0.33%
2002-11-2713.68%
Official policy rate+0.25%
2002-11-2413.43%
Official policy rate+0.28%
2002-11-2213.15%
Official policy rate+0.20%
2002-11-2012.95%
Official policy rate+0.11%
2002-11-1812.84%
Official policy rateโˆ’0.11%
2002-11-1512.95%
Official policy rate+0.03%
2002-11-1312.92%
Official policy rate+0.08%
2002-11-1112.84%
Official policy rate+0.02%
2002-11-0812.82%
Official policy rate+0.75%
2002-11-0612.07%
Official policy rate+0.13%
2002-11-0411.94%
Official policy rateโˆ’0.51%
2002-11-0112.45%
Official policy rate+0.44%
2002-10-3012.01%
Official policy rate+0.26%
2002-10-2811.75%
Official policy rateโˆ’0.21%
2002-10-2511.96%
Official policy rate+0.15%
2002-10-2311.81%
Official policy rate+0.41%
2002-10-2111.40%
Official policy rate+0.18%
2002-10-1811.22%
Official policy rate+0.17%
2002-10-1611.05%
Official policy rate+0.25%
2002-10-1410.80%
Official policy rate+0.28%
2002-10-0910.52%
Official policy rate+0.16%
2002-10-0710.36%
Official policy rateโˆ’0.05%
2002-10-0410.41%
Official policy rate+0.19%
2002-10-0210.22%
Official policy rate+0.03%
2002-09-3010.19%
Official policy rate+0.08%
2002-09-2710.11%
Official policy rateโˆ’0.12%
2002-09-2510.23%
Official policy rate+0.51%
2002-09-239.72%
Official policy rate+0.36%
2002-09-209.36%
Official policy rateโˆ’0.09%
2002-09-189.45%
Official policy rate+0.26%
2002-09-169.19%
Official policy rate+0.28%
2002-09-138.91%
Official policy rateโˆ’0.02%
2002-09-118.93%
Official policy rateโˆ’0.28%
2002-09-069.21%
Official policy rateโˆ’0.11%
2002-09-049.32%
Official policy rateโˆ’0.11%
2002-09-029.43%
Official policy rateโˆ’0.08%
2002-08-309.51%
Official policy rateโˆ’0.26%
2002-08-289.77%
Official policy rateโˆ’0.05%
2002-08-269.82%
Official policy rateโˆ’0.11%
2002-08-239.93%
Official policy rateโˆ’0.44%
2002-08-2110.37%
Official policy rateโˆ’0.17%
2002-08-1910.54%
Official policy rate+0.20%
2002-08-1610.34%
Official policy rate+0.16%
2002-08-1410.18%
Official policy rateโˆ’0.26%
2002-08-1210.44%
Official policy rateโˆ’0.04%
2002-08-0910.48%
Official policy rate+0.13%
2002-08-0710.35%
Official policy rateโˆ’0.22%
2002-08-0510.57%
Official policy rateโˆ’0.63%
2002-07-3111.20%
Official policy rateโˆ’0.38%
2002-07-2911.58%
Official policy rateโˆ’0.07%
2002-07-2611.65%
Official policy rateโˆ’1.10%
2002-07-2412.75%
Official policy rateโˆ’0.25%
2002-07-2213.00%
Official policy rate+0.11%
2002-07-1912.89%
Official policy rateโˆ’0.05%
2002-07-1712.94%
Official policy rateโˆ’0.06%
2002-02-2713.00%
Official policy rateโˆ’2.00%
2001-11-1915.00%
Official policy rateโˆ’2.00%
2001-10-1517.00%
Official policy rateโˆ’3.00%
2001-06-1820.00%
Official policy rate+5.00%
2001-06-0615.00%
Official policy rate+0.73%
2001-05-3014.27%
Official policy rate+0.27%
2001-05-2314.00%
Official policy rate+2.00%
2001-05-1612.00%
Official policy rate+2.00%
2001-04-2510.00%
Official policy rate+1.20%
2001-04-188.80%
Official policy rate+0.54%
2001-04-118.26%
Official policy rate+0.16%
2001-03-288.10%
Official policy rate+0.13%
2001-03-217.97%
Official policy rateโˆ’0.05%
2001-03-148.02%
Official policy rate+0.28%
2001-03-077.74%
Official policy rate+0.14%
2001-02-077.60%
Official policy rate+0.15%
2001-01-317.45%
Official policy rate+0.42%
2001-01-247.03%
Official policy rate+0.14%
2001-01-176.89%
Official policy rate+0.42%
2001-01-106.47%
Official policy rateโˆ’0.67%
2001-01-057.14%
Official policy rate+0.25%
2000-12-276.89%
Official policy rateโˆ’0.56%
2000-12-207.45%
Official policy rate+0.14%
2000-12-137.31%
Official policy rate+0.28%
2000-11-297.03%
Official policy rateโˆ’0.14%
2000-11-227.17%
Official policy rateโˆ’0.43%
2000-11-087.60%
Official policy rateโˆ’0.28%
2000-10-257.88%
Official policy rateโˆ’0.57%
2000-09-278.45%
Official policy rate+0.29%
2000-09-208.16%
Official policy rate+0.15%
2000-09-138.01%
Official policy rateโˆ’0.72%
2000-09-068.73%
Official policy rate+0.14%
2000-08-308.59%
Official policy rateโˆ’0.28%
2000-08-238.87%
Official policy rateโˆ’0.15%
2000-08-169.02%
Official policy rateโˆ’0.43%
2000-08-099.45%
Official policy rateโˆ’0.66%
2000-08-0310.11%
Official policy rate+0.66%
2000-07-269.45%
Official policy rate+0.72%
2000-07-128.73%
Official policy rate+0.45%
2000-07-058.28%
Official policy rateโˆ’0.31%
2000-06-218.59%
Official policy rateโˆ’1.43%
2000-06-0510.02%
Official policy rate+0.29%
2000-05-299.73%
Official policy rateโˆ’0.29%
2000-05-2210.02%
Official policy rate+0.29%
2000-05-159.73%
Official policy rate+0.14%
2000-05-089.59%
Official policy rate+0.14%
2000-04-179.45%
Official policy rateโˆ’0.05%
2000-01-039.50%
Official policy rateโ€”

Where these numbers come from

Derived entirely from BIS daily policy-rate levels (WS_CBPOL); every day the level differs from the prior day is a change day. The BIS COMPILATION text did not parse into dated eras, so the whole run is tagged with a single instrument name taken from that text.