Moldovan central bank reverses tightening cycle

Unscheduled decision marks end to long series of hikes despite rising inflation and falling currency

National Bank of Moldova
The National Bank of Moldova

Moldova’s central bank cut its policy rate at an unscheduled meeting today (December 5), ending a long series of hikes.

Governor Octavian Armasu announced the National Bank of Moldova was cutting the rate by 150 basis points, from 21.5% to 20%. The cut came despite high and rising inflation, and a fall in the country’s currency.

The move appears to mark the end of a lengthy tightening cycle by the NBM, which began hiking in July 2021 from 2.65%. It went on to raise the rate 10 times in total

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account