All decisions of the National Bank of Moldova are taken in order to avoid even more serious consequences in the future – the NBM.
The National Bank of Moldova (NBM) said this on Monday, confirming once again that, along with other central banks, it has decided to promote a monetary policy aimed at ensuring financial stability. The NBM statement draws attention to the fact that all world economies are affected by two overlapping crises: the pandemic and the war in Ukraine. Thus, NBM measures are taken in order to protect the future savings and income of citizens and to ensure the recovery of our country's economy. The National Bank points out that rising global energy and food prices have had a major impact on prices in Moldova, and therefore NBM actions are necessary to cope with them and avoid much more painful long-term consequences. "With inflation shocks being stronger in small and open economies, such as Moldova, inflation is correspondingly more persistent there and it is necessary to continue to apply restrictive monetary policy measures," the NBM said. They stressed that the National Bank will closely monitor the inflationary process, including the associated factors, risks and uncertainties, and timely adjust the monetary policy instruments to achieve the main objective of ensuring and maintaining price stability. // 16.05.2022 - InfoMarket
