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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 14 March 2019, to maintain unchanged the values of the main monetary policy instruments.
Thus, the base rate applied to the main short-term monetary policy operations is maintained at the current level of 6.5 percent annually. At the same time, the interest rates on overnight loans are maintained at the current level of 9.5 percent annually and those on overnight deposits are maintained at the current level of 3.5 percent annually. Also, 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, while the required reserves ratio in freely convertible currencies at the current level of 14.0 percent of the calculation base.
The decision was taken based on external environment projections and recent developments in the domestic economy.
In February 2019, the annual inflation (2.4 percent) evolved in line with expectations. Some events indicate the likelihood of a lower inflation development on short-term, but it will be higher, starting with the last quarter of this year.
The main factors that influence the inflation outlook on short-term are the favourable meteorological conditions that determined a more temperate evolution of food prices. At the same time, there is a risk of a slightly pronounced inflation development in 2020, being generated by higher prices of oil and food prices in international markets, as well the core inflation.
The next meeting on monetary policy of the NBM’s Executive Board will be held on 7 May 2019, according to the published schedule.
The Monetary policy decision:
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