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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 keep the base rate applied to the main short-term monetary policy operations at the current level of 7.5% annually. According to the decision, some other values of monetary policy instruments will remain unchanged. Therefore, the interest rates of overnight credits will stay at 10.5% annually, and the overnight deposits – at 4.5% annually.
The decision was adopted following the most recent evaluation of macroeconomic data.
In August 2019, the annual rate of inflation developed according to the forecast and constituted 5.5%, keeping its position in the range of target variation for the fourth consecutive month.
Therefore, the forecast of the NBM on inflation remains valid, while the inflationary pressures will continue their dynamics by the end of this year. In 2020, a moderation in the dynamics of inflation is expected, following the low evolution of international food and oil prices, and the more tempered external and internal demand compared to the previous forecasts.
At the above-mentioned meeting, the Executive Board also decided to maintain the required reserves at 42.5% and 17.0% respectively, from the calculation basis.
The NBM will continue to monitor and anticipate the macroeconomic evolutions in the Republic of Moldova and abroad, as well as the risks and uncertainties resulting from the evolution of inflation on short- and long term.
Next meeting on monetary policy will take place on 30 October 2019.
1 Grigore Vieru Avenue,
MD-2005, Chisinau, Republic of Moldova.
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