Moldova continues rate climb as inflation passes 20%

National Bank of Moldova
National Bank of Moldova

The National Bank of Moldova raised interest rates by 300 basis points to 15.5% on May 6, the largest rate hike yet in a months-long campaign against steadily rising inflation. The decision is the eighth consecutive increase and brings the rate to its highest level since 2016.

Despite increasing rates by nearly 13 percentage points in slightly over nine months, the NBM has been unable to stop inflation breaching the target band of 5% plus or minus 1.5%. In March, Moldova reported year-on-year

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com 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

If you already have an account, please sign in here.

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 here: