RegAlert2024-12-19
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Decision on the reference rate for calculating the penalty interest rate
The Council of the National Bank of the Republic of North Macedonia adopts a Decision that sets the method for determining and publishing the reference rate used to calculate a penalty interest rate. The reference rate is defined as the interest rate on the main open‑market‑operations instrument (CB bills) achieved in the last auction of the preceding half‑year, calculated as the average weighted rate from the Executive Board’s volume tender with the maximum rate. The rate must be posted on the National Bank’s website, the previous Decision on this reference rate (Official Gazette No. 42/11 and 49/12) is rendered void, and the new Decision becomes effective on the eighth day after its publication in the Official Gazette.
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NATIONAL BANK OF THE REPUBLIC OF NORTH MACEDONIA Pursuant to Article 47 paragraph 1 item 6 of the Law on the National Bank of the Republic of North Macedonia (Official Gazette of the Republic of Macedonia No. 158/10, 123/12, 43/14, 153/15, 6/16 and 83/18 and Official Gazette of the Republic of North Macedonia No. 110/21 and 74/24), and in accordance with Article 266-a paragraph 1 and 6 of the Law on Obligations (Official Gazette of the Republic of Macedonia No. 18/01, 04/02, 05/03, 84/08, 81/09, 161/09 and 123/13 and Official Gazette of the Republic of North Macedonia No. 215/21 and 154/23), the National Bank of the Republic of North Macedonia Council has adopted the following DECISION on the reference rate for calculating a penalty interest rate
- With this Decision, the National Bank of the Republic of North Macedonia
(hereinafter: The National Bank) regulates the method of determining and publishing the reference rate for calculating a penalty interest rate. - The reference rate for calculating a penalty interest rate for a certain half-year
denotes the interest rate on the main open market operations instrument-CB bills of the National Bank, achieved on the last auction in the previous half-year. The interest rate on CB bills referred to in paragraph 1 of this item denotes the interest rate determined by the National Bank Executive Board in volume tender with maximum interest rate, i.e. average weighted interest rate in an interest rate tender. - The reference rate for calculating a penalty interest rate shall be published on
the National Bank website. - Once this Decision enters into force, the Decision on the reference rate for
calculating a penalty interest rate (Official Gazette of the Republic of Macedonia No. 42/11 and 49/12) shall become void. - This Decision shall enter into force on the eighth day from the date of its
publication in Official Gazette of the Republic of North Macedonia. No. 02-40305/8 28 November 2024 Skopje Governor and Chairperson of the National Bank of the Republic of North Macedonia Council Anita Angelovska Bezhoska, PhD
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Source: National Bank of the Republic of North Macedonia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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