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2025-07-30 17:42:28
North Macedonia maintains its benchmark interest rate at 5.35% for the fourth consecutive time. (1) The Central Bank of North Macedonia maintained its benchmark interest rate at 5.35% for the fourth consecutive month through July 2025, primarily due to a rise in inflation to 4.5% in June (driven by rising food and core commodity prices) and ongoing external uncertainties such as geopolitical factors and trade barriers. (2) The country's GDP grew by 3% in the first quarter, with signs of acceleration in the second quarter (driven by construction, industry, and services). €4.7 billion in foreign exchange reserves ensure the stability of the currency's peg to the euro. The central bank's policy mix continues to focus on medium-term price stability and exchange rate anchoring.
