The monetary policy promoted by the NBM in 2024 contributed decisively to maintaining economic stability and creating the conditions for long-term sustainable development. The favorable mix of monetary and economic policies supported economic stability, favoring private sector investment.

The year 2023 was marked by the maintenance of a complicated geopolitical context and, on the economic front, by a steady process of disinflation and a slow return of the economy to an upward trend.

The year 2022 was marked and overshadowed by the war in Ukraine, and on the economic front – by its consequences, which, superimposed with multiple external and internal shocks, made this year an extremely difficult one in economic and monetary terms.

2021 was a year of recovery for Moldova's economy, and at the same time, a year in which the economic situation and not just the economic one, both internationally and domestically, changed dramatically.

The year 2020 was an unprecedented year globally, marked by the pandemic crisis generated by COVID-19 with severe repercussions on social-economic life.

2019 was marked by many events, both externally and internally, all with an impact on economic activity, prices and national currency.

During 2018, the NBM maintained the base rate at 6.5 percent. At the same time, the NBM increased the minimum required reserve ratio from financial means attracted in MDL from 40.0 percent to 42.5 percent.

The activities carried out by the NBM in 2017 were in line with the reforming strategy embraced by the Bank in 2016, among the main goals of which can be listed the stabilisation of monetary conditions, the strengthening of the banking sector and the improvement of the national legislative and regulatory framework.

During 2016, there were held twelve meetings of the Executive Board of the National Bank on Moldova on monetary policy decisions. Following the assessment of the balance of internal and external risks, which could be faced by the Moldovan economy and inflation forecasts on medium term, there were adopted five decisions to maintain and seven decisions to decrease the base rate applied to main monetary policy operations from the level of 19.5 percent to 9.0 percent annually.

During the reporting year, the economy of the Republic of Moldova recorded a decline of 0.5 percent, the annual dynamics was by 5.1 percentage points lower than in 2014.

Quantifying the macroeconomic situation, inflation outlook in the short and medium term, with possible uncertainties and challenges during the reference period, the National Bank of Moldova has promoted during 2014 an incentive monetary policy under a reduced aggregate demand.

In 2013, the National Bank of Moldova has created the conditions necessary to keep the inflation rate within the range of ± 1.5 percentage points from the 5.0 percent, the target set for the medium term according to its Monetary policy strategy.

The Moldovan economy recorded a contraction of 0.8 percent in 2012 compared to 2011. In 2012, the National Bank of Moldova created the conditions necessary to keep the inflation rate within the range of 5.0 percent ± 1.5 percentage points, a goal set for 2012 according to the National Bank's monetary policy strategy for 2010-2012.
 

The Moldovan economy recorded a 6.4 percent growth during 2011 as compared to the previous year. At the end of 2011, the annual inflation rate constituted 7.8 percent, while the annual core inflation recorded a value of 6.1 percent in December 2011.

The economic achievements recorded in 2010 indicate that the Republic of Moldova has gradually recovered and overcame the consequences of the global financial crisis. Moldova's economy in 2010 recorded an increase of 6.9 percent compared to the previous year, as a result of improving the situation in all sectors of the economy.

After two years of economic and financial crisis, the severe decline of the global activity started to recover gradually on the major emerging markets and in some advanced countries. The Gross Domestic Product (GDP) of the Republic of Moldova, estimated for 2009, declined in real terms by 6.5 percent compared to the previous year.
 

In 2008 the growth rate of the world economy was estimated at a real level of 3.4%.

In 2007 the world economy showed an ascendant evolution and recorded a 4.9%-increase.

The world economy continued its expansion for the third consecutive year at a growth pace that exceeded significantly the trend.

The world economy continued to expand over 2005 mainly due to the economic activity displayed by the United States of America and Asia.