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Moldova's economic activity in Q3 2024 maintains steady growth – the NBM

Moldova's economic activity in Q3 2024 maintains steady growth – the NBM

This is stated in the National Bank's materials regarding the latest decision of the NBM Executive Committee to keep the base rate applied to the main short-term monetary policy operations at the level of 3.6% per annum. As noted, the data published by the National Bureau of Statistics for the first 2 months of Q3 2024 outline the conditions for continued steady growth of economic activity in this quarter. Thus, in July-August 2024, the annual rate of exports decreased by 10.9% amid a decline in agricultural production, but the annual rate of imports increased by 13.9%. The NBM notes that the growth of imports can be explained by the revival of consumption in Moldova. In particular, retail and wholesale trade grew in annual terms by an average of 13.9% and 6.7%, respectively. // 06.11.2024 - InfoMarket

News on the subject

The combined monetary policy stimulus measures led to a continued reduction in interest rates on new loans and deposits in lei in Q3 2024 – NBM
The combined monetary policy stimulus measures led to a continued reduction in interest rates on new loans and deposits in lei in Q3 2024 – NBM
In the fourth quarter of 2024, Moldova expects relative stability of economic activity and moderate growth in prices for food and goods
In the fourth quarter of 2024, Moldova expects relative stability of economic activity and moderate growth in prices for food and goods
The Moldovan Finance Ministry and the U.S. will intensify strategic cooperation and develop solutions to meet the current challenges for Moldova
The Moldovan Finance Ministry and the U.S. will intensify strategic cooperation and develop solutions to meet the current challenges for Moldova
Average inflation in Moldova will remain within the target range in the medium term - WB
Average inflation in Moldova will remain within the target range in the medium term - WB
Finance Minister Victoria Belous discussed with IMF and WB representatives the budgetary situation and the financial sector assessment program
Finance Minister Victoria Belous discussed with IMF and WB representatives the budgetary situation and the financial sector assessment program
A delegation of the Finance Ministry and the National Bank of Moldova will visit the United States from October 21 to 26, where it will participate in the annual meetings of the WB and IMF
A delegation of the Finance Ministry and the National Bank of Moldova will visit the United States from October 21 to 26, where it will participate in the annual meetings of the WB and IMF