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Is the National Bank “financing” the state budget to the detriment of the economy? And what do the IMF and commercial banks have to do with it?

Is the National Bank “financing” the state budget to the detriment of the economy? And what do the IMF and commercial banks have to do with it?

28.11.2025

Commentary by InfoMarket   A threefold increase in any indicator in the banking market can hardly be considered an ordinary event. This also applies to the National Bank's increase in the countercyclical capital buffer rate for exposures from loans in Moldova from 0.5% to 1.5% of the total value of the exposure to risk. This wording seems complicated to explain, but it is not difficult to understand.   RAA — Rata Amortizorului Anticiclic (in Romanian) or CCyB — Countercyclical Capital Buffer (in English).   In simple terms, this means that banks must review ...
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