Increasing the base rate applied on main short-term monetary policy operations by 2.0 percentage points, from the level of 4.5 to 6.5 percent annually.

Rata medie ponderată a dobânzii la creditele noi acordate în moneda naţională în luna noiembrie 2014 a constituit 9.81 la sută, diminuându-se cu 2.29 puncte procentuale faţa de perioada respectiva a anului precedent.

In November 2014, monetary base  decreased by MDL 82.7 million (0.3 percent) compared to October 2014 and accounted for MDL 26109.1 million.

Increasing the base rate applied on main short-term monetary policy operations by 1.0 percentage points, from the level of 3.5 to 4.5 percent annually.

The consumer prices index for the last 12 months constituted 4.8 percent, being maintained at the previous month level within the range of variation of ± 1.5 percentage points from 5.0 percent inflation target.

In October 2014 the monetary base  was MDL 26191.7 million, increasing by MDL 380.2 million (1.5 percent) compared to September 2014.

Weighted average interest rate on new loans in national currency granted in October 2014 was 10.79 percent, decreasing by 1.14 percentage points versus the same period last year.

Maintaining the base rate applied on main short-term monetary policy operations at the current level of 3.5 percent annually.

The NBM, acting as the fiscal agent of the Ministry of Finance, is in charge of the management of primary and interbank secondary market of state securities issued in book-entry form on the domestic market.

The consumer prices index (CPI) for the last 12 months constituted 4.8 percent, being maintained at the previous month level within the range of variation of ± 1.5 percentage points from 5.0 percent inflation target.

The NBM performs its functions in the area of international relations based on the Law no. 548‑XIII of July 21, 1995 on the NBM, other legal acts of the Republic of Moldova and in accordance with international treaties to which the Republic of Moldova is a party.

Maintaining the base rate applied on main short-term monetary policy operations at the current level of 3.5 percent annually
 

In the third quarter of 2014, the annual rate of inflation was 5.1 percent, by 0.1 percentage points lower than in the previous quarter.

In the second quarter of 2014, the average annual rate of inflation was 5.2 percent, by 0.2 percentage points lower than in the previous quarter. 

The NBM sets the inflation target calculated on the basis of the consumer price index at 5.0 percent annually with a possible deviation of ± 1.5 percentage points.

In 2013, the National Bank of Moldova has created the conditions necessary to keep the inflation rate within the range of ± 1.5 percentage points from the 5.0 percent, the target set for the medium term according to its Monetary policy strategy.

In September 2014 the monetary base  was MDL 25811.5 million, decreasing by MDL 805.4 million (3.0 percent) compared to August 2014.

In accordance with the national Strategy for Development of Statistics Republic of Moldova subscribed to the Special Data Dissemination Standard – (SDDS).

Statistical data    

According to the data published by the National Bureau of Statistics (NBS), in September 2014, the consumer prices index (CPI) for the last 12 months constituted 4.8 percent, decreasing by 0.3 percentage points versus the previous month, and remaining within the range of variation of ± 1.5 percentage points from the 5.0 percent inflation target.