Monetary policy decision of the NBM: The base rate is maintained at the current level
The National Bank of Moldova will maintain the base rate applied to the main short-term monetary policy operations at the current level of 6 percent per annum. The rates on overnight loans and deposits will also remain unchanged at 8 per cent per annum and 4 per cent per annum, respectively, as well as the required reserve ratio in both lei and foreign currency.
At the same time, it is noted that the restrictive monetary policy measures taken by the NBM over the past year have had their effect. Thus, from October 2022 to June this year, inflation fell by more than 21 points, from 34.6 to 13.2 percent.
The NBM states that inflation will continue to fall, and will reach close to the 5 percent target, which is considered an optimal level for Moldova's economic growth and development.
