Octavian Armașu: Monetary policy was tightened to reduce inflationary shocks

This year has been complicated, with the monetary policy tightened to reduce inflationary shocks, the head of the National Bank noted during a meeting with members of the Romanian Investors Association. Octavian Armașu came with a message of encouragement for overcoming the existing crises and urged representatives of commercial banks to promote the performance of the Moldovan banking system at the international level.

According to a press release from the National Bank, the discussions focused on several topics of interest to Romanian investors, including settlements in Romanian lei, in the context of Romania being the main commercial partner of Moldova. Other issues included the anti-inflationary measures taken by the NBM, international payments, and the future accession of Moldova to the SEPA area.

“With the support of external partners, the NBM is working to develop the interbank market and the capital market, and improve consumer protection rules on the financial-banking market”, said Octavian Armașu.

The executive president of the Romanian Investors' Association, Daniel Nuțiu, welcomed Moldova’s efforts to develop the financial-banking system Moldova and thanked the representatives of the National Bank for the openness to conduct an effective dialogue with Romanian investors.

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