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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 maintain the base rate applied to the main short-term monetary policy operations at the level of 5.5% annually. In addition, the interest rates on overnight credits and deposits remain unchanged at the level of8.5% and 2.5% annually. At the same time, the required reserves ratio will continue to be applied according to the decision of December 2019.
Today’s decision was adopted on the base of the new inflation forecast, which confirms the accuracy of the previous forecasts, and, in particular highlighted the correctness of the decision adopted last month. The effect of monetary policy measures adopted at that time shall be propagated in the time frame necessary to transmit the impulse to the real economy.
A downward trajectory of inflation is currently being recorded, which can exceed the ±1.5 percentage points target variation range, at the beginning of the next year. The disinflationary risks continue to persist with possible weather risks for this year, which will have a pro-inflationary effect. Therefore, the resumption of measures to ease the monetary policy will depend on the materialization of risks associated with the inflationary process, on the actual data related to the dynamics of inflation in the current quarter, as well as on the dynamics of the national economy.
Today’s decision was based on the assessments of the most recent macroeconomic data from the internal and external environments, and the assumptions taken into account in the elaboration of the new forecast round, together with the perspectives of the internal economic conditions.
The National Bank of Moldova will continue to monitor and anticipate the internal and external macroeconomic evolutions, risks and uncertainties associated with the dynamics of inflation on short and medium term, so that, by applying the monetary policy instruments at the right time, the stability of prices will be assured.
The next meeting on monetary policy of the NBM’s Executive Board will take place on 4 March 2020, according to the published schedule.
1 Grigore Vieru Avenue,
MD-2005, Chisinau, Republic of Moldova.
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