• 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 !

Details

 

Main navigation BNM

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. 

In the second quarter of 2019, the annual rate of inflation continued its upward trajectory from the beginning of the current year, by increasing from 2.8% in March to 4.4% in June 2019.

During 2018, the NBM maintained the base rate at 6.5 percent. At the same time, the NBM increased the minimum required reserve ratio from financial means attracted in MDL from 40.0 percent to 42.5 percent.

The annual rate of inflation shall increase by the end of the current year, and afterwards, diminish by the end of forecast horizon.

The annual rate of inflation shall increase by the end of the current year, afterwards the trajectory will reverse and inflation will decrease by the end of the forecast horizon.

In 2017, the current account of the balance of payments of the Republic of Moldova recorded a deficit amounting to US$ 562,07 million, double as compared to 2016. The capital account registered a deficit of US$ 21,35 million and the financial account recorded a net capital inflow amounting to US$ 507,61 million. The international investment position recorded a net debit of US$ 3 249,85 million at the end of 2017, while the gross external debt amounted to US$ 6 964,29 million.

The annual inflation rate will decrease by the end of the current year (up to the value of 1.9%).

Over the next three quarters, the annual inflation rate will follow a downward trajectory and fall below the lower limit of the inflation variability interval, eventually reaching a level of 1.9% in the 4Q 2018. Later, the trajectory will reverse, with inflation returning within its variability interval in the 2Q 2019 and recording 6.5% in the 3Q 2019.

The activities carried out by the NBM in 2017 were in line with the reforming strategy embraced by the Bank in 2016, among the main goals of which can be listed the stabilisation of monetary conditions, the strengthening of the banking sector and the improvement of the national legislative and regulatory framework.

This report elucidates the financial status of the National Bank and has no direct connection with the primary objective of ensuring and maintaining price stability.

Total assets: 67,823,408 thousand MDL;
Total liabilities: 63,818,692 thousand MDL;
Total capital and reserves: 4,004,716 thousand MDL.

Net (loss): (4,976,079) thousand MDL;
Total comprehensive result for the period: (4,980,825) thousand MDL;
(Total loss): (95,309) thousand MDL.

The annual inflation rate will gradually decrease within the set variation interval, but will return to the target level in the second half of 2019. 

In 2018, the annual inflation rate will gradually decrease within the set variation interval, but will return to the target level in the second half of 2019.

In 2016, the current account of the balance of payments of the Republic of Moldova recorded a deficit amounting to US$ 285.58 million, down by 38.9% as compared to 2015. The capital account registered a deficit of US$ 20.79 million and the financial account recorded a net inflow amounting to US$ 214.56 million. The international investment position recorded a net debit of US$ 3,550.57 million at the end of 2016, while the gross external debt amounted to US$ 6,235.23 million.

In January-September 2017, the current account of the balance of payments recorded a deficit of US$ 532.56 million (of which US$ -207.62 in Q III 2017), which worsened by 87.7 percent as compared to January- September 2016. The capital account registered a deficit of US$ 17.88 million (of which US$ -5.46 million in Q III 2017) and the financial account recorded a net capital inflow of US$ 301.96 million (of which US$ 129.44 million in Q III 2017). The international investment position of the Republic of Moldova represented US$ -4,201.41 million at the end of Q III 2017, while the gross external debt of the Republic of Moldova reached US$ 6,742.97 million.

In January-September 2017, the current account of the balance of payments recorded a deficit of US$ 532.56 million (of which US$ -207.62 in Q III 2017), which worsened by 87.7 percent as compared to January- September 2016.

The international investment position of the Republic of Moldova recorded a net debit of US$ 4,201.41 million as of 30.09.2017, 18.3 % larger as compared to the end of 2016.

The gross external debt of the Republic of Moldova reached US$ 6,742.97 million at the end of Q III 2017, increasing by 8.1% as compared to the end of 2016.

The annual inflation rate, starting with the fourth quarter of 2017, will decline rapidly and will return, beginning with the first quarter of 2018, within the interval for two consecutive quarters.

See more