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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) decided unanimously to increase by 0.5 percentage points the base rate applied to the main monetary policy operations, on a short term, which now constitutes up to 7.5% annually.
Therefore, the NBM continues to promote measures aimed to diminish inflationary pressures, in the context of a persistent increase in aggregate demand. This has been caused by high growth rates of salaries, pensions and other incomes of population in the first half of 2019, as well as due to the increase in consumer loans.
According to the forecasts, in the first two quarters, the aggregate demand will diminish and inflation will drop starting with the II quarter.
The dynamics of inflation is also influenced by the increase in international food prices, regulated prices, as well as by the stimulating policy of interest rates for loans and deposits, which supply the consumption.
The growth of the base rate shall contribute to the stabilization of the exchange rate of domestic currency, which will subsequently discourage the foreign currency financial intermediation.
At the same meeting, there was decided the rise in interest rates of overnight loans by 0.5 percentage points to 10.5% annually. The same increase was applied to overnight deposits – from 4.0% to 4.5% annually. The rate of required reserves from means in Moldovan and non-convertible currency are preserved at the current level of 42.5% and 17.0%, respectively, from the base rate.
The NBM shall anticipate and continue the monitoring of internal and external macroeconomic evolutions, risks and uncertainties associated with the evolution of inflation in the short and medium term.
The next meeting on monetary policy will be held on 11 September 2019.
The decision is in the process of translation and will be published soon.
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