Moldova hikes another 200bp as inflation spirals
Central bank has raised rates nearly 10 percentage points, but inflation is surging towards 20%
The National Bank of Moldova raised its policy rate by two percentage points to 12.5% on March 15 in a bid to counter spiralling inflation.
Since July 30, the central bank has raised the benchmark rate 985 basis points, including 700 basis points in four straight increases since December.
Despite this, inflation has risen steadily upwards, from 1.5% in March 2021 to 18.5% in February. The central bank does not expect inflation to peak until the third quarter of this year. The central bank has
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