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Schedule of reception of citizens by the Executive Board of the National Bank of Moldova.
The registration of applicants for an audience is carried out based on a written request on the subject addressed.
Anca Dragu, Governor
1st Wednesday of the month: 14.00-16.00;
Telephone: +373 22 822 606.
Vladimir Munteanu, First Deputy Governor
2nd Wednesday of the month: 14.00-16.00;
Telephone: +373 22 822 606.
Tatiana Ivanicichina, Deputy Governor
3rd Wednesday of the month: 14.00-16.00;
Telephone: +373 22 822 607.
Constantin Șchendra, Deputy Governor
4th Wednesday of the month: 14.00-16.00;
Telephone: +373 22 822 607.
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National Bank and the members of its decision-making bodies shall be independent in exercising the tasks conferred upon them by law, and shall neither seek nor take instructions from public authorities or from any other authority.
In order to ensure and maintain price stability over the medium term, the National Bank’s aim will be to keep inflation (measured by Consumer Price Index) at the level of 5.0 percent annually with a possible deviation of ± 1.5 percentage points, considered to be optimal for growth and development of Moldova's economy over the medium-term.
National Bank shall have the exclusive right to issue on the territory of the Republic of Moldova banknotes and coins as legal tender, as well as commemorative and jubilee banknotes and coins as legal tender and for numismatic purposes.
National Bank is exclusively responsible for the licencing, supervision and regulation of financial institutions activity.
National Bank of Moldova acts as banker and fiscal agent of the State and shall receive from state bodies economic and financial information and documents, which are necessary for carrying out its tasks.
National Bank of Moldova supervises the payment system of the Republic of Moldova and promotes a stable and efficient functioning of the automated inter-bank payment system
National Bank of Moldova is an autonomous public legal entity and is responsible to the Parliament.
National Bank shall inform the public on the monetary policy strategy on the results of the macroeconomic analysis, the evolution of the financial market and on statistics, including with regard to monetary supply, crediting, balance of payments and the state of the foreign exchange market.
National Bank of Moldova is responsable for the compilation of the balance of payments, international investment position and the statistics of the external debt of the Republic of Moldova.
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The Executive Board of the National Bank of Moldova (BNM) decided unanimously, on 7 May 2019, to maintain the base rate applied to the main short-term monetary policy operations at the current level of 6.5 percent annually.
It was also decided to maintain the interest rates on overnight credits and overnight deposits at their current annual level of 9.5 percent and 3.5 percent, respectively. At the same time, the required reserves ratio in Moldovan lei and non-convertible currencies is maintained at the current level of 42.5 percent of the calculation base, as well as required reserves ratio in freely convertible currencies - at the current level of 14.0 percent of the calculation base.
The decision was approved based on internal and external macroeconomic situation, trends in the evolution of the monetary and financial markets, of the lending and deposit processes, as well as on commitments for the new forecasting round.
The decision aims to create monetary conditions capable to keep the inflation on medium term within the variation range of ±1.5 percentage points from the inflation target of 5.0%.
The Inflation Report no.2, 2019, which will be published on 16 May 2019, was approved during the same meeting.
In May, inflation evolved in line with the expectations and registered an annual rate of 2.8 percent, while the economic growth constituted 3.9 percent in the fourth quarter of last year or 0.5 percentage points more than in the previous period. In addition, in the first three months of the current year, the licensed banks issued new loans in an amount higher by 32.4 percent than in the previous first quarter of 2018. The weighted average interest rate of loans issued in domestic currency by the licensed banks decreased by 1.25 percentage points compared to the first quarter of 2018.
The next meeting on monetary policy of the NBM’s Executive Board will be held on 19 June 2019, according to the published schedule.
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