Economy

04 November, 2026 / 23:51

/ 11 December, 2025

National Bank of Moldova reduces base rate for main monetary policy operations

The base rate for short-term main monetary policy operations has been reduced from six to five per cent. The decision today was taken by the Executive Board of the National Bank of Moldova (BNM).

Under the same decision, the rate for overnight credits was set at seven per cent annually, compared to eight per cent previously; for repo operations – 5.25 per cent, compared to 6.25 per cent; and for overnight deposits – three per cent annually, compared to four per cent previously.

The National Bank announced that, with this decision, it continued the measures to relax monetary policy, thus aiming to bring and maintain inflation in the medium term within the variation range of ±1.5 percentage points from the target of five per cent, considered the favorable level for the growth and economic development of Moldova.

“The decision of the National Bank of Moldova aims to stimulate aggregate demand, currently disinflationary, including through encouraging consumption and investments, balancing the national economy and the current account, as well as anchoring inflationary expectations. The reduction of the base rate will act through the interest rate channel, taking into account the time lags associated with the transmission mechanism, and will influence the decrease in interest rates on the monetary, deposit and credit markets,” BNM said.

According to the cited source, recent macroeconomic data largely confirm the main assumptions regarding economic activity stated in the previous forecast, which indicates the return of inflation within the target variation range in December this year and its maintenance in the lower part of the target range, starting from the first quarter of 2026 until the end of the forecast period.

The next meeting of the BNM Executive Board on the promotion of monetary policy will take place on February 5, 2026.

Comment

Latest News

Moldovan finance minister provides details on new salary law: which employees to benefit from largest pay increases

Moldovan finance minister says cold-season compensation might be covered by savings from public spending's optimization

VIDEO // Moldovan PM says Energocom company bought two million cubic meters of gas from Ukraine at price lower than on spot market

BUILDING MOLDOVA // Authorities accelerate preparations for construction of Chisinau bypass road

BUILDING MOLDOVA // Deputy PM says more than 95 per cent of Moldova’s settlements set to have access to tap water by 2030

Chisinau Electrical Substation enters inspection stage ahead of energization

BUILDING MOLDOVA // New runway and terminal at Chișinău Airport

BUILDING MOLDOVA // Deputy Prime Minister: Ungheni–Chișinău highway to put Moldova on European Union’s map

BUILDING MOLDOVA // Agriculture to be based on science and smart solutions

BUILDING MOLDOVA // Prime Minister presents strategic projects financed through Moldova Growth Plan

LIVE // Building Moldova: Government presents strategic investment projects from Growth Plan

Minister of Economic Development and Digitalization announces broad reform of state enterprises

Economy Minister announces simplified rules for small entrepreneurs and cybersecurity measures

International parcels valued under €150 to be subject to VAT starting 1 November

Moldovan parliament speaker says Moldova made progress in all 33 EU negotiation chapters, reforms must be felt in people’s lives

2026 Enlargement Report // Deputy PM for European integration says Moldova made progress in all negotiating chapters

Hearings on cyberattacks against state information systems held at Moldova's parliament

Subjects examined at meetings of Moldovan parliament's standing commissions on November 3-4, 2026

Moldovan PM speaks about European Commission’s Report on Moldova

Moldovan foreign affairs minister has meeting with Political Director of European External Action Service

PHOTO GALLERY // Artistic heritage of Emil Loteanu, recalled in Chisinau

EU Enlargement Package presented to European Parliament's committee; EU Commissioner for Enlargement says Moldova accelerating pace of reforms

ARMENPRESS: Exclusive footage from Urtsadzor: eighth leopard recorded in CWR

Fresh Moldovan sweet cherries can be exported to China now: protocol on phytosanitary requirements signed

FC “Levski-Trakia” footballers return from training camp in Bulgaria, organized with ARBOM's support

VIDEO // Cyberattack on Moldova launched from abroad; MP says IP addresses from six countries identified

Data ion traffic, road infrastructure, transport, parking to be available on common digital platform in Moldova

Stricter sanctions for fraud, counterfeiting of non-cash payment instruments in Moldova

Tax, customs exemptions for 43 emergency response vehicles, equipment needed to develop MD-ALERT system in Moldova

Moldova prepares to connect to European medical data exchange network

See more