By the same decision, the NBM kept the rates on overnight credits at 8.5% p.a., on repo operations – at 6.75% p.a. and on overnight deposits – at 4.5% p.a..
“The National Bank of Moldova aims to contain inflation expectations, to bring back and keep inflation within ± 1.5 percentage points of the medium-term inflation target of 5%,” the regulator said.
The National Bank is confident that inflation in the country is declining and the measures taken earlier are starting to work. “The latest economic data generally confirm the main assumptions and conclusions reflected in the inflation report for February 2025,” the NBM said in its decision. But at the same time it is emphasized that risks and uncertainties remain significant.
In particular, the NBM considers that the main sources of risks are uncertainty regarding agricultural production, adjustment of tariffs for public utilities and housing services, provision of sufficient fiscal impulse to revitalize economic activity and external financial assistance, as well as the tense situation in the region and moderate regional demand associated with mutual sanctions.
