Moldova cuts rates while North Macedonia tightens

National Bank of Moldova
National Bank of Moldova

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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