According to the latest forecasts of the National Banka of Moldova (NBM), the annual rate of inflation in the immediate period will continue to be under the lowers limit of the variation interval of ±1.5 percentage points from the inflation target of 5%, which is considered optimal for the development of the economy of the Republic of Moldova. Starting with the fourth quarter, it will return to the interval of the target and will be close to it until the end of the forecast period, IPN reports.

In an interview for the press, NBM governor Octavian Armașu said the given result will be obtained as a result of the monetary policy decisions adopted in the last quarters by the Bank to alleviate the negative effects of the pandemic on the national economy and to bring back the inflation to the targeted interval. The forecast is based on the pro-active monetary policy decisions promoted by the NBM, whose major goal is to ensure and maintain the stability of prices.

“But not everything depends on the central bank’s mandate. The NBM’s monetary policy actions should be accompanied by the fiscal and economic policy pursued by the Government for ensuring economic recovery,” stated the governor.

According to him, the National Bank of Moldova permanently monitors with precaution the internal and external macroeconomic situation so as to come up with the necessary measures based on the NBM’s instruments at the opportune moment and to achieve its key goal – to ensure and maintain the stability of prices.