• Calling days and hours of the governing body of the National Bank of Moldova for citizens.


  • Octavian Armașu, Governor of the National Bank of Moldova

    1st Monday of the month: 14.00-17.00;
    Appointment: +373 22 822 606;


  • Vladimir Munteanu, First Deputy Governor of the National Bank of Moldova

    2nd Monday of the month: 14.00-17.00;
    Appointment: +373 22 822 606;


  • Cristina Harea, Deputy Governor of the National Bank of Moldova

    3rd Monday of the month: 14.00-17.00;
    Appointment: +373 22 822 607;

  • Ion Sturzu, Deputy Governor of the National Bank of Moldova

    4th Monday of the month: 14.00-17.00;
    Appointment: +373 22 822 607.

Please, note the requirements for receiving and examining petitions to the National Bank of Moldova !

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Calendar of data dissemination

07.04.2020

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 February 2020 was 6,41 percent.

According to the latest round of forecast, the average annual inflation rate will reach a level of 5.1 percent in 2020 and 3.6 percent in 2021.

NBM Interest rates

20.03.2020 - Today
  • Base rate3.25%
  • Overnight deposits0.25%
  • Overnight credits6.25%

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 ± 3 p.p. to the base rate.

The Executive Board of the National Bank of Moldova (NBM) approved unanimously, at today’s extraordinary meeting, the amendment to p.3 of the Decision of 20 March 2020 on the NBM interest rates level and required reserves ratio.

National Bank will continue to use all available instruments to meet the objectives of price stability and to strengthen the banking sector that is well-capitalized and resilient.

The Executive Board of the National Bank of Moldova (NBM) decided unanimously to decrease the base rate applied to the main short-term monetary policy operations by 1,0 percentage points, as from 5,5 percent to 4,5 percent annually. 

The Executive Board of the National Bank of Moldova (NBM) decided unanimously to maintain the base rate applied to the main short-term monetary policy operations at the level of 5.5% annually. In addition, the interest rates on overnight credits and deposits remain unchanged at the level of8.5% and 2.5% annually. 

In December 2019, the monetary base increased by MDL 541.3 million (1.2%) compared to the previous month and constituted MDL 46,851.0 million, which constitutes 7.6% more than in December 2018.

In December 2019, new loans extended by banks totalled MDL 3,270.8 million, an increase of 15.5%, compared to December 2018.

This schedule is indicative and include only periodicaly transactions conducted via auctions.

In November 2019, new loans extended by banks totalled MDL 2,906.9 million, an increase of 12.8%, compared to November 2018.

In November 2019, the monetary base increased by MDL 738.9 million (1.6%) compared to the previous month and constituted MDL  46,309.7 million, which constitutes 12.5% more than in November 2018.

The Executive Board of the National Bank of Moldova (NBM) decided unanimously to decrease by 2.0 percentage points the base rate applied to the main short-term monetary policy operations, up to 5.5 percent annually.

In October 2019, the monetary base decreased by MDL 66.1 million (0.1%) compared to the previous month and constituted MDL  45,570.8 million, which constitutes 11.9% more than in October 2018.

In October 2019, new loans extended by banks totalled MDL 3,336.2 million, an increase of 17.9%, compared to October 2018.

The current forecast of inflation is similar to the previous one for the first quarter of forecast and inferior for the rest of the compared period, except for the situation at the end of the period. 

The NBM will continue to monitor and forecast the internal and external macroeconomic evolutions, risks and uncertainties associated with the evolution of inflation, in order to assure a medium term stability of prices.

In September 2019, the monetary base decreased by MDL 100,5 million (0.2%) compared to the previous month and constituted MDL  45,637.0 million, which constitutes 12.1% more than in September 2018.

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