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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 (NBM) voted unanimously to reduce the base rate applied to the main short-term monetary policy operations by 0.1 percentage points, to 2.65 percent annually. Similarly, interest rates on overnight loans and deposits were reduced to 5.15 percent and 0.15 percent annually, respectively.
The decision is aimed at supporting domestic aggregate demand, the lending process and the economy as a whole and was taken following the approval, at today's meeting, of the Inflation Report no. 4, 2020. The report contains the latest analyzes of the situation, from the internal and external environment associated with the inflationary process, economic activity, promotion of monetary policy. At the same time, the document, which will be published on 13 November this year, includes the new forecast, along with the risks and uncertainties associated with it.
According to the new forecast round, the annual inflation rate will decrease slightly by the end of the current year, and starting with the second quarter of 2021 will record an upward trajectory, reaching the end of the forecast horizon at the level of target inflation.
Disinflationary pressures will continue throughout the forecasting horizon - quarter IV 2020 - quarter III 2022. Among the factors decreasing aggregate demand are anti-pandemic measures, declining external demand, negative cumulative fiscal impulse since the beginning of the year, real appreciation of the national currency, as well as unfavorable agro-meteorological conditions, which affected the volume of agricultural production.
The COVID-19 pandemic involves a series of uncertainties related to the impact on the economic recovery, next year's agricultural production, the timing and magnitude of the tariff adjustment for regulated services.
The NBM emphasizes the need for continuous monitoring of the macroeconomic situation created by the pandemic implications, reiterating that, in due course, without compromising its fundamental objective of ensuring price stability, it will come up with the necessary measures to maintain a sufficient level of liquidity for licensed banks, in support of a viable and stable banking system.
The next meeting on monetary policy promotion will take place on 9 December 2020.
1 Grigore Vieru Avenue,
MD-2005, Chisinau, Republic of Moldova.
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