Accessibility options

  • 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.


  • Petru Rotaru, First Deputy Governor

    2nd Wednesday of the month: 14.00-16.00.


  • Tatiana Ivanicichina, Deputy Governor

    3rd Wednesday of the month: 14.00-16.00.


  • Constantin Șchendra, Deputy Governor

    4th Wednesday of the month: 14.00-16.00.


  • Mihnea Constantinescu, Deputy Governor

    5th Wednesday of the month: 14.00-16.00.

Please, note the requirements for receiving and examining petitions and requests for access to information of public interest addressed to the National Bank of Moldova!

Details

 

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Calendar of data dissemination

17.04.2026
  • Publication of the statistics Monetary survey of the banking sector.

  • Publication of the statistics: "Average rates and volumes of new loans granted and new deposits attracted", "Annual weighted average interest rates on new loans granted and new deposits attracted and related volumes including", "Average interest rates on loan and deposit balances", "Weighted average interest rates on interbank transactions".

  • Publication of the monthly press-realease "Evolution of monetary indicators".

  • Publication of the monthly releases "Developments in the bank credit market" and "Developments in the bank deposit market".

  • Publication of the monthly press-release "Evolution of the volume of cash operations".

  • Publication of statistical reports on financial reports on the banking sector: "Balance Sheet on the banking sector", "Income Statement", "The structure of deposits in the banking sector" and "Volume of cash transactions in the banking system of the Republic of Moldova".

Annual inflation

The annual rate of inflationAnnual inflation rate represents the increase of consumer prices during a month this year compared with the same month last year. It is calculated as a ratio (expressed in percentage terms) between the price index during a month this year and price index during the same month last year, calculated on the same basis, minus 100. Statistical surveys on consumer prices are carried out by the National Bureau of Statistics (NBS). NBM sets its inflation target at the level of 5.0 percent annually, calculated based on the consumer price index (inflation rate for the last twelve months – each month of this year compared with the same month of last year), with a possible deviation of ±1.5 percentage points. (Source: Medium-term monetary policy strategy of the NBM. in March 2026 was 5,81 percent.


NBM Interest rates

11.12.2025 - Today
  • Base rate5.00%
  • Overnight deposits3.00%
  • Repo rate5.25%
  • Overnight credits7.00%

The base rate is approved as the reference rate for the main short-term monetary policy operations. The deposit and lending facility is part of a symmetrical corridor of ± 2 p.p. to the base rate.

The decision is made taking into account previous monetary policy measures, including their transmission lags, and aims to ensure and maintain inflation within a range of ±1.5 percentage points around the 5.0 percent target over the medium term.

New deposits attracted in February 2026 amounted to MDL 25,517 million, with 68.4% placed by the businesses and individuals engaged in economic activities and 31.6% by individuals.

New loans granted in February 2026 amounted to MDL 6,722 million, of which 67.8% were contracted by businesses and individuals engaged in economic activities and 32.2% by individuals.

In February 2026 the monetary base amounted to MDL 80,406 million, which represents a decrease by 4.2% compared to January 2026.

In January 2026 the monetary base amounted to MDL 83,921 million, which represents a decrease by 3.6% compared to December 2025.

New loans granted in January 2026 amounted to MDL 5,254 million, of which 64.5% were contracted by businesses and individuals engaged in economic activities and 35.5% by individuals.

New deposits attracted in January 2026 amounted to MDL 24,746 million, with 68.2% placed by the businesses and individuals engaged in economic activities and 31.8% by individuals.

This decision is adopted in the context of the continued propagation of the effects of previous monetary policy decisions, taking into account the associated transmission lags, and aims to keep inflation within the medium-term range of ±1.5 percentage points around the target of 5.0%.

In December 2025 the monetary base amounted to MDL 87,029.7 million, which represents an increase by 6.8% compared to November 2025 and by 5.3% compared to the same period of the previous year.

In December 2025, new loans granted amounted to MDL 7,785.0 million, increasing by 12.3% as compared to the previous month.

New term deposits attracted in December 2025 totalled MDL 4,942.2 million, increasing by 38.6% as compared to November 2025.

In November 2025, new loans granted amounted to MDL 6,930.5 million, decreasing by 1.6% as compared to the previous month.

New term deposits attracted in November 2025 totalled MDL 3,566.1 million, decreasing by 20.3% as compared to October 2025.

The decision aims to stimulate aggregate demand, which is currently disinflationary, including by encouraging consumption and investment, balancing the national economy and the current account, as well as anchoring inflation expectations.

In October 2025, new loans  granted amounted to MDL 7,044.4 million, decreasing by 2.7% compared to the previous month.

New term deposits attracted in October 2025 totalled MDL 4,475.9 million, decreasing by 1.5% as compared to September 2025.

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