The EBRD has maintained its GDP growth forecast for Moldova for 2026 and 2027
The EBRD maintained its GDP growth forecast for Moldova at 2.8% for 2026 and 3.5% for 2027
Inflation
Moldovan banks continue to face high credit risk but have substantial liquidity reserves
The National Bank of Moldova notes that the banking sector remains stable, even though credit risk continues to be a key source of pressure. At the same time, there is still sufficient liquidity in the system, and recent data on lending, portfolio quality, and the housing market show noticeable changes in the behavior of borrowers and banks.
Moldova's GDP in the First Half of 2026: Moderate Growth, but with Important Signs
Sergiu Padure, Chief Economist at Moldindconbank
Moldova Faces Stagflation Following a Base Rate Hike, but Stabilization Is Expected Next Year — Expert Opinion
Following the increase in Moldova's base interest rate, experts are warning of a difficult period ahead for the economy: stagflation is possible amid inflationary pressures and fiscal imbalances. At the same time, the forecast also suggests a more long-term prospect for stabilization if monetary and fiscal policies are implemented in a coordinated manner.
The National Bank of Moldova raised its benchmark interest rate to its highest level in more than three years
The National Bank of Moldova has once again raised its benchmark rate, bringing it to its highest level in more than three years. The decision reflects a significant tightening of monetary conditions amid a series of adjustments over the past few months.
Moldova's GDP grew by 0.6% in the first half of 2026
Moldova's economy continued to grow in the first half of the year, and the latest data from statistics agencies and the National Bank indicate that this positive trend continued into the second quarter. At the same time, when making its decision on the interest rate, the regulator specifically noted changes in key sectors, foreign trade, and consumer activity, which together paint a picture of recovery.
Annual inflation in Moldova rose to 6.96% in August 2026
Annual inflation in Moldova in August 2026 stood at 6.96%, up by 0.62 percentage points, compared to the previous month and exceeding the upper limit of the NBM's target range (5% ±1.5 percentage points)
2026 Could Be a Year of a Prolonged Energy Crisis — Veaceslav Ioniță
"2026 could be a year of a protracted energy crisis, in which shocks will not subside but will compound one another," said Veaceslav Ioniță.
Vasile Tofan: An Independent Central Bank Is the Cornerstone of a Modern Economy
"A strong, professional, and independent central bank is the cornerstone of a modern economy" — Vasile Tofan
The National Bank of Moldova raised its base rate to 9% per annum
The National Bank of Moldova raised the base rate applied to its main short-term monetary policy operations by another 1.5 percentage points—from 7.5% to 9% per annum.
In August 2026, Moldova recorded inflation following two months of deflation
In Moldova, inflation was recorded again in August following two months of falling prices: statistics showed mixed trends in the food sector, non-food goods, and the services sector. The most notable changes occurred in specific categories of goods and rates, indicating a shift in the short-term price trend in the economy.
In Moldova, annual inflation stood at 6.96% in August and once again fell outside the BNM's target range
Annual inflation in Moldova once again exceeded the National Bank's target range in August, halting the recent slowdown. Statistics show a noticeable acceleration in price growth across several major groups of goods and services, although trends in individual segments remain mixed.
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