News about Monetary policy
European financial markets are under strain as the U.S. and Israeli war against Iran renews fears that an energy shock could exacerbate inflation. The region is almost entirely dependent on oil and gas imports. The price of Brent crude has risen nearly 10% since Friday, while natural gas prices in Europe have jumped 50%.
The average accrued wage in the economy amounted to 15,472 lei in 2025, increasing, compared to 2024, by 9.8% in nominal terms and by 1.9% in real terms.
In the final report on the country following the expert mission, the International Monetary Fund (IMF) confirmed the NBM’s commitment to the principles of credibility and institutional transparency. The experts recognized the methods used as being in line with the modern international practice, allowing the domestic central bank to conduct an efficient monetary policy and contribute to the stability of the country’s financial system.
In issuing warnings about the “disappearance of Western civilization,” U.S. President Donald Trump and Vice President J.D. Vance often invoke the United Kingdom, and especially London, to substantiate their views.
Preferences in payment methods in the EU countries vary significantly by region. Cash payments remain the most popular method in Germany and Austria, where they are preferred by almost two thirds of respondents. Bank cards dominate in the Scandinavian countries (Sweden, Denmark, Norway).
When US President Donald Trump signed an executive order creating a strategic bitcoin reserve in 2025, private companies, investment banks and experts immediately began urging the world’s key central banks to consider a similar move. Kevin Warsh, Trump’s nominee for chairman of the US Federal Reserve, last year supported the idea in an interview, calling bitcoin “the new gold”.
The explosive rise in gold prices is not based on fundamental factors, says Ruchir Sharma. The chairman of the Rockefeller Foundation’s board of directors said that, in his opinion, investors are making up stories about the reasons for such a significant increase in the value of shares. He recommends investors to diversify their portfolios by investing in other commodity assets, Logos Press reports.
The European Central Bank (ECB) expects food inflation, crucial to consumers’ perception of price stability, to stabilize just above its 2% target by the end of this year, according to Logos Press.
February 20, the National Commission on Financial Market (NCFM) approved the creation of a voluntary pension fund “ARAGONN”. The administrator of the fund is the company ARAGONN GRUP JSC, which was founded by the insurance company ASTERRA GRUP JSC.
World gold prices stabilized on Wednesday morning after a sharp decline the previous day. Investors are ambivalent about the new U.S. tariff policy, Logos Press reports.
Finance Minister Adrian Gavrilica reminded citizens that keeping cash up to 10,000 euros is considered safe and complies with international standards. Amounts above this limit “sooner or later create problems”, Logos Press reported.
The National Commission on Financial Market (NCFM) and the National Bank (NBM) have developed and submitted to the Ministry of Finance for further promotion a new draft law on central securities depositories, fundamentally changing the existing infrastructure of the domestic capital market, reports Logos Press.
Since 2024, the dollar has partially lost its role as a safe haven asset, but ING notes there has been no global decline in demand for the U.S. currency, according to Logos Press.
The volume of cash receipts at banks’ cash desks in January exceeded their disbursements by 96 million lei, down 6.8% (by 951 million lei) compared to the same month of the previous year, Logos Press reported.
The government does not support the deputies’ proposal to adjust cash limits, but the Finance Ministry has already started analyzing the application of the Cash Settlement Law and is drafting amendments to make it more efficient, Logos Press reported.
In February 2026, citizens invested 41.15 million lei through eVMS.md, failing to support January’s interest in state securities, Logos Press reported.
The beginning of 2026 is marked by a series of decisions and processes that will largely set the financial trajectory of Moldova for the coming year. The focus is on the National Bank’s policy, inflation dynamics, the state of foreign exchange reserves and the Moldovan leu exchange rate.
The volume of new loans granted to individuals in Moldova in January 2026 amounted to 1.865 billion lei (or 35.5% of the total crediting volume of 5.254 billion lei). This figure is 17.5% lower compared to December 2025, Logos Press reported.
The foreign currency cash market in January saw a decline in activity characteristic of the beginning of the year, accompanied by a reduction in buy-sell transactions and an increase in savings sentiment, according to Logos Press.
When the market is healthy, it requires no explanation. It functions on its own: apartments are sold, banks lend, developers build, and buyers buy. The state is limited to the role of an observer.
