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

20.07.2026
  • 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 June 2026 was 6,51 percent.


NBM Interest rates

18.06.2026 - Today
  • Base rate7.00%
  • Overnight deposits5.00%
  • Repo rate7.25%
  • Overnight credits9.00%

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 NBM’s decision to continue its restrictive monetary policy measures was adopted in the context of intensifying inflationary pressures stemming both from the supply side, due to unfavourable trends in international prices for energy resources, food products, and raw materials, and from the domestic demand side, supported by favourable dynamics of household income.

In May 2026, the monetary base amounted to MDL 84,172 million, which represents an increase by 0.5% compared to April 2026.

New loans granted in May 2026 amounted to MDL 7,333 million, of which 63.9% were contracted by businesses and individuals engaged in economic activities and 36.1% by individuals.

New deposits attracted in May 2026 amounted to MDL 26,216 million, with 69.0% being placed by the businesses and individuals engaged in economic activities and 31.0% by individuals

At the beginning of 2026, the annual inflation rate will decline, then remain relatively stable until the end of the year. At the beginning of next year it will record a further slight decline, subsequently stabilizing at the same level during the last three consecutive quarters of the forecast period.

In April 2026, the monetary base amounted to MDL 83,752 million, which represents an increase by 0.4% compared to March 2026.

New loans granted in April 2026 amounted to MDL 7,299 million, of which 65.1% were contracted by businesses and individuals engaged in economic activities and 34.9% by individuals.

New deposits attracted in April 2026 amounted to MDL 25,792 million, with 68.1% being placed by the businesses and individuals engaged in economic activities and 31.9% by individuals.

The National Bank adopted this decision in response to the need to shape monetary policy to mitigate pressures on inflation amid the intensifying effects of the conflict in the Middle East.

In March 2026, the monetary base amounted to MDL 83,419 million, which represents an increase by 3.7% compared to February 2026.

New loans granted in March 2026 amounted to MDL 9,039 million, of which 70.8% were contracted by businesses and individuals engaged in economic activities and 29.2% by individuals.

New deposits attracted in March 2026 amounted to MDL 27,254 million, with 69.7% being placed by the businesses and individuals engaged in economic activities and 30.3% 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 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.

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.

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.

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