North Macedonia Sees Moderating Inflation Alongside Economic Growth
The National Bank of North Macedonia reported today that inflation slowed to 3.7% for the first quarter of 2026, a decrease from 4.2% in the previous quarter. This data reflects the period of January through March of this year. Simultaneously, the country’s Gross Domestic Product (GDP) grew by 3.8% during the same period.
According to the bank’s statement following an Executive Board meeting, the GDP growth was achieved despite an “external uncertain and volatile environment” in the fourth quarter of 2025. The bank’s Executive Board decided to maintain the base interest rate at 4%. This decision was made under conditions of ongoing unpredictability, reflecting the current economic landscape.
The National Bank continues to monitor inflation trends closely, aiming to maintain stability within the North Macedonian economy. The data highlights a period of controlled economic expansion alongside a reduction in inflationary pressures. The bank’s actions are intended to support sustainable growth and manage monetary policy effectively.
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“It’s encouraging to see inflation cooling down while the economy continues to grow.”
What factors contributed to the decrease in North Macedonia’s inflation rate?