“Moldova managed to stop the surge in prices, but it is difficult to say whether they will return to their previous level, which was before the pandemic,” Octavian Armasu.
This was stated by the President of the National Bank of Moldova, answering the question of the InfoMarket agency after the presentation of the next Inflation Report. According to the forecasts of the National Bank, the average annual inflation rate in Moldova in 2022 will be 28.8%, and in 2023 - 16%. The President of the NBM noted that the decline in inflation does not mean a reduction in prices. “We managed to stop the wave of price growth, which will not rise further. Will there be a downward price adjustment to pre-pandemic levels? So far it is difficult to answer this question. But all forecasts show that we cannot yet return to pre-pandemic price levels. Perhaps only for petroleum products. But this situation depends on the conjuncture,” the head of the National Bank stressed. He drew attention to the fact that during the pandemic and post-pandemic crisis, the world economy went through global changes. “Accordingly, the economy must now find a balance to another level. Let's see at what level the global economy will find this balance,” said Octavian Armasu.// 15.11.2022 — InfoMarket
