Moldova makes surprise 200bp hike
Energy prices spur up Moldovan inflation prompting unscheduled meeting
The National Bank of Moldova hiked its policy rate by 200 basis points at an unscheduled monetary policy meeting on January 10.
The bank had eased rates three times in 2024, cutting by 50bp in February and March, and by 15bp in May. However, a projected spike in energy prices in December and January led the sector’s regulator Anre to raise natural gas prices by 27.6%.
Anre announced its tariff increase on November 29, with the new prices coming into force on December 1. This was after state-owned
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