Moldova has prerequisites for serious investments to come to the country - Anca Dragu.
Governor of the National Bank of Moldova (NBM) stated this while speaking at the Economic Forum in Chisinau, organized under the auspices of the Royal House of Romania. Dragu said that Moldova has a stable banking system, while the economic policies are close to the investors' wishes. Anca Dragu said that the NBM managed to fulfill its fundamental objective and to bring inflation back to the target range of 5 per cent, which allowed the National Bank to cut the benchmark rates. "The rate cut is a signal to the market that things are going well and in the right direction. We expect inflation to remain at the target level during the current year," the head of the National Bank of Moldova said. She also mentioned the need to improve financial intermediation through a dialog between banks and companies, which will increase the demand on the Moldovan credit market. "When inflation exceeded 30%, financial intermediation suffered. Now that inflation is in the target corridor, with the monetary policy rate at 4.25%, the cost of lending becomes one that companies can afford," Anca Dragu added. Referring to the actions taken by the NBM to promote economic activity, Anca Dragu mentioned the application for Moldova's accession to the Single Euro Payments Area (SEPA) and the imminent launch of the instant payments platform. "Both have the potential to stimulate economic activity," said the NBM Governor. Anca Dragu stressed that the NBM actively contributes to the digitalization of financial services, promoting the opportunities offered by financial technologies, FinTech, for the development of payment infrastructure. "In the near future, an instant payment system will be launched in Moldova, which will allow making payments in real time and being available non-stop," the NBM Governor said. // 23.02.2024 - InfoMarket.
