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Inflation “not by the book,” or Welcome to the crisis?
20.02.2026
Commentary by InfoMarket agency
The beginning of 2026 was marked by a number of decisions and processes that will largely determine Moldova's financial trajectory for the coming year. The focus is on the National Bank's policy, inflation dynamics, the state of foreign exchange reserves, and the Moldovan leu (MDL) exchange rate.
In December 2025, the National Bank of Moldova (NBM) lowered its base rate from 6% to 5% per annum, and in February 2026, it confirmed this decision, keeping the rate at the same level. It is clear that the decision was approved in...
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