Moldova C. Bank Cuts Interest Rate
Image by aquatarkus / Shutterstock.com
The National Bank of Moldova cut its benchmark interest rate by 125 basis points to 4.75% in November, extending its monetary policy relaxation from the end of the last year, fresh data by Trading Economics showed.
The central bank aim to stimulate lending and support domestic aggregate demand, while ensuring the inflation's return to the 5% target range in the medium term.
The loans and deposit rates were also reduced to 6.75% and 2.75%, respectively.
The annual inflation rate in Moldova decelerated to 8.6% in September 2023, from 9.7% in the previous month, marking the lowest level in two years. Still, policymakers noted that price pressures have not receded completely due to declining economic activity in the euro area, rising energy costs, and geopolitical uncertainties.
ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan
EC Puts Hungary 2024 GDP Growth at 2.4%
HU-rizon Program: HUF 8 bln Funding for International Resear...
Marcelito Pomoy to Perform in Budapest Next Week
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
