Moldova cuts rates while North Macedonia tightens
Moldova’s central bank cut rates again as the country’s economic crisis continued, while North Macedonia’s raised rates to deal with high inflation.
Moldova: The National Bank of Moldova cut its policy rate for the third time in the past four months, lowering it by 300 basis points to 14%.
The central bank raised the policy rate to a peak of 21.5% during the fourth quarter of last year. The country is experiencing falling growth and high inflation, driven in part by a drought and the effects
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