The NBM will analyze the economic growth model in 2025 and will see how the inflation target set earlier meets the current realities of the Moldovan economy
Anca Dragu, Governor of the National Bank of Moldova (NBM) stated this while answering InfoMarket agency’s questions within the Economic Press Club, after the presentation of the 4th Inflation Report of this year at the NBM. She said that the reduction of the inflation target is discussed in the society, but for such a measure, the growth model should be re-evaluated. The head of the National Bank emphasized that the inflation target rate is a very important element in the construction of economic growth, and in 2025. The National Bank of Moldova intends to analyze the economic growth model and to see to what extent this target meets the current realities of the Moldovan economy. Anca Dragu said that it is difficult to say that the target affects the economic growth, mentioning that the most important thing is to achieve the target, because it generates confidence in the economy's and NBM's capacities. “But, the most important thing is that the goal correlates with the economy's possibilities and that the NBM sticks to this goal,” she emphasized. It should be noted that the NBM is taking measures to keep inflation within ±1.5 percentage points of the medium-term target of 5%. // 12.11.2024 - InfoMarket
