The base rate for the main monetary policy operations remains at the level of 6.5% annually. The decision was approved on Thursday by the Executive Board of the National Bank of Moldova (NBM). By the same decision, the rates on overnight loans were kept at 8.5% annually, on repo operations – at 6.75% annually and on overnight deposits – at 4.5% annually, IPN reports.

"The National Bank of Moldova aims to anchor inflationary expectations, to bring back and maintain inflation within the range of the variation interval of ± 1.5 percentage points from the inflation target of 5% in the medium term," reads a press release.

The NBM noted that this decision comes at a time when inflation is decreasing, and the measures taken previously started to produce an effect. Simultaneously, the compensations offered to overcome the energy crisis contribute to lowering inflation.

"Recent economic data largely confirm the main assumptions and conclusions reflected in the February 2025 Inflation Report," the release also says.

According to the NBM, the risks and uncertainties remain pronounced. Among the main sources are the uncertainties regarding agricultural production, the adjustment of charges for public utilities, ensuring of a sufficient fiscal impulse to revive economic activity, external financial assistance, as well as the tense situation in the region and moderate regional demand associated with mutual sanctions.