The annual inflation rate at the beginning of 2026 (4.8% in January) was within the NBM’s target range, which allowed the regulator not to tighten policy.
Keeping the rate at the same level is aimed at stimulating domestic demand and investment activity under conditions of moderate economic growth.
The decision was made taking into account the tense international context and uncertainty of energy prices, which requires a cautious approach to any changes.
“The National Bank of Moldova took this decision in the context of serious international instability caused by the war in the Middle East. International energy prices have reached a high level and may affect global economic activity, having a negative impact on the global inflationary process,” the central bank said in an official statement.
