The decision aims to stimulate aggregate demand, which is currently disinflationary, including by encouraging consumption and investment, balancing the national economy and the current account, as well as anchoring inflation expectations.

The prudent adjustment of monetary policy seeks to bring inflation back and keep it within the medium term within the range of ±1.5 percentage points from the target of 5.0 percent.

The decision of the NBM to continue monetary policy easing measures aims to maintain inflation in the medium term within a range of ±1.5 percentage points from the target of 5.0 percent, considered the optimal level for economic growth and development in the Republic of Moldova.

The National Bank of Moldova aims to maintain inflation in the medium term within a range of ±1.5 percentage points around the 5.0% target, which is considered the optimal level for the economic growth and development of the Republic of Moldova.

The NBM's decision comes in the context of the moderation of inflationary trends and the propagation of previously adopted restrictive monetary policy measures, the effects of which will continue to be felt, considering the lags in their transmission.

National Bank of Moldova aims to anchor inflationary expectations, to bring inflation back and maintain it within the range of ± 1.5 percentage points of the 5.0 percent inflation target over the medium term.

With this decision, the NBM aims to anchor inflationary expectations, to bring inflation within the range of ± 1.5 percentage points of the medium-term inflation target of 5.0 percent and to keep it within this range.

In order to further calibrate the optimal monetary policy measures for bringing inflation back within the target range, the National Bank of Moldova shall prepare the medium-term inflation forecast, taking into account the details of the extended support package provided by the European Union.

The convening of the unplanned meeting resulted from the need to adjust the monetary policy in order to alleviate the pressures on the inflationary process in the context of recent tariff increases.

The National Bank of Moldova adopted this decision in the context of the further transmission of the effects of previous monetary policy decisions, given the lags related to their transmission.

NBM aims to lower the borrowing costs with the decision. This will further support the private sector lending process and stimulate the national economy.

The current assessment of real monetary conditions indicates a favorable situation for ensuring the maintenance of inflation within the range variation of ±1.5 percentage points from the medium-term target of 5.0 percent.

This decision is taken in the context of the ongoing effects of previous monetary policy decisions, given the lags in their transmission.

The Executive Board’s decision comes in the context of the ongoing effects of previously adopted monetary policy incentive measures, which will continue to influence the economy in the coming periods, given the lags in their transmission.

The National Bank of Moldova aims to slow the decline in inflation and extends the monetary policy easing process that started in December 2022.

The decision of the National Bank of Moldova aims to slow down the decrease in inflation and keep it within the range of variation of ±1.5 percentage points from the target of 5.0 %, which is considered the optimal level for economic growth and development of the Republic of Moldova in the medium term.

In December 2023, inflation was within the target range for the third consecutive month. Thus, today's decision by the NBM contributes to strengthening this performance, further stimulating the currently disinflationary aggregate demand, including by encouraging consumption, balancing the national economy and anchoring inflation expectations.