The Executive Board of the National Bank of Moldova in the monetary policy meeting of October 29, 2021 voted to maintain the base rate applied to the main short-term monetary policy operations at the current level of 5.5 percentage points, IPN reports, quoting a press release of the Bank.

The NBM took into account the pressures from domestic supply and aggregate demand (especially in the last 4 months) and supported by the increase of the population’s income, increasing the volume of consumer loans and of the mortgage ones.

An important factor was also the uncertainty associated with the global energy crisis - rising prices for natural gas and oil on the international market that will slow global economic activity with repercussions on domestic economic demand and activity.

The National Bank of Moldova noted it will continue to closely monitor developments in the domestic and international environments and is ready to come up with the necessary measures to meet the fundamental objective of ensuring price stability.