News about Monetary policy

Leading economic experts consistently argue that classic monetary methods of the National Bank are ineffective against the current inflation. It is not about money. And even – not in their quantity. It is about the economic sovereignty of the country.

Ceadir-Lunga Municipality is planning the third issue of municipal bonds for a total amount of 8 million lei. Following an open tender, the commercial bank maib was appointed financial intermediary for the placement of the issue. Today, the sides signed a contract on financial mediation.

President Maia Sandu held talks with a mission of the International Monetary Fund (IMF) on a new cooperation program under the Policy Coordination Instrument (PCI). The meeting took place on Sunday, May 10, during the visit of the IMF mission to Chisinau between May 7 and 20.

The National Bank of Moldova (NBM) reported a favorable economic growth forecast for the first quarter of 2026, noting positive dynamics in industry, agriculture and retail trade. However, along with this, the National Bank decided to tighten monetary policy to control inflation by raising the prime rate to 6.5% per annum.

According to the National Bank of Moldova (NBM), the official reserve assets at the end of April 2026 amounted to 5,209.83 million euros, decreasing by 56.71 million euros year-on-year. The main factors for the decrease were the depreciation of the dollar against the euro (40.69 million euros) and payments for servicing the external public debt (21.53 million euros).

As of the beginning of April 2026, the volume of overdue loans taken by the population in Moldova increased by 6.9%, reaching an amount of about 631 million lei.

The National Bank of Moldova and the Central Bank of Norway became the first central banks in Europe to raise interest rates after the outbreak of conflict in the Middle East.

The National Bank of Moldova increased the prime rate by 1.5 p.p. at once. – From 5% to 6.5% – to prevent inflation growth against the background of rising world prices caused a lot of questions and comments of experts.

As of the beginning of 2026, servicing Moldova’s domestic public debt costs the budget significantly more than servicing external debt, often amounting to almost double the difference in expenditures.

The increase of the prime rate by the National Bank of Moldova from 5% to 6.5% has caused mixed reactions among MPs. Some consider the measure necessary to curb inflation, while others warn of negative consequences for investment, lending and living standards.

The Executive Committee of the National Bank of Moldova (NBM), at its meeting held on May 7, 2026, unanimously increased the prime rate by 1.5 percentage points at once, in order to prevent the risks of increasing inflationary pressure amid the global price situation.

By the end of the day on May 6, the dollar exchange rate fell to the lowest level since the beginning of the war in the Middle East. The reason was the appearance of information that Washington and Tehran came close to signing a peace agreement.

Anca Dragu, Governor of the National Bank of Moldova (NBM), has outlined Moldova’s prospects for capital market and mortgage development. Dragu made a speech entitled “Mortgage lending in Moldova: market perspectives and development directions” in Stavanger, Norway, where she is participating in the 38th plenary meeting of the European Council for Secured Bonds (ECSB).

Prime Minister Alexandru Munteanu urged the ministers and all the involved institutions to ensure a close and productive cooperation with the International Monetary Fund (IMF) mission, which will visit Chisinau between May 7 and 20, and to take the visit “with the utmost seriousness”.

A mission of the International Monetary Fund (IMF), headed by Alina Iancu, will visit Moldova from May 7 to 20, 2026. The purpose of the visit is to coordinate policies under the new program.

European Union countries’ oil and gas import costs rose sharply in March-April 2026, exceeding an additional €30 billion, European Commissioner for Energy Dan Jorgensen told a briefing in Brussels.

The number of payments made with cards issued in Moldova continues to grow.

The Romanian leu weakened to a new historic low against the euro on Monday, according to the National Bank of Romania (NBR).

It is established that the subscription period for SS for individuals opens at 00:00 hours on the first day of its announcement and closes at 15:00 hours on the closing day.

Moldova has saved almost 7 million euros in 6 months after joining the Single Euro Payments Area (SEPA), as the commission for transfers has been reduced to 0-3 euros, Anca Dragu, Governor of the National Bank of Moldova, said at the official opening of the event “Bucharest Leaders’ Summit: United for a Better World”.