Peak inflation in Moldova will slightly shift in time, and it may not occur in August, as previously expected, but in September or October –NBM.
This was stated by the Governor of the National Bank of Moldova (NBM), Octavian Armasu, at a press conference, while answering a question of the InfoMarket agency. He noted that the adjustment of regulated tariffs was late, compared to previous forecasts made by the NBM in April-May, when the Inflation Report was compiled and, accordingly, regulated tariffs will now be lower than previously assumed. "This means that rates will rise later anyway. And that, in turn, will cause the inflation trajectory to change slightly. Inflation now will be less than previously expected. The deviation from the forecast could be 1 or 2 months. But because energy and food price shocks will be slightly higher than in the last forecast, the peak inflation rate will be higher than previously expected. But at the same time, the rise in inflation will be somewhat delayed. An analysis of the risks of deviating from inflation forecasts suggests that our forecast has shifted a few weeks later. So the peak may occur not in August, but in September or even in October, depending on how events develop," said the head of the NBM. // 06.06.2022 - InfoMarket
