Moldova makes second rate hike in two months
Central bank cites “persistent inflationary process” as it raises policy rate 100 basis points
The board of the National Bank of Moldova raised the policy rate 100 basis points to 4.65% (September 3), citing strong demand and supply shocks. The decision marked the second consecutive rate hike, after a 100bp increase in late July.
All four members of the executive board – which comprises the governor and three deputy governors – supported the rate hike.
The executive board cited “a persistent inflationary process” fuelled by high demand and credit expansion, as well as supply shocks. It
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