Moldova: Monetary Policy
The National Bank of Moldova works out and implements the monetary policy.
From the very beginning the main objective of the NBM is to realize and maintain the stability of the national currency that ultimately provides the reduction of the inflation rate, the ensurance of the general level of prices and of the exchange rate of MDL.
The achievement of the main target provides the stability of the banking system.
To reach this, the NBM regulates reserve money and finally influences the value of money supply.
The NBM uses different non-direct instruments of the monetary policy:
- open market operations, including selling/acquisition of state securities and REPO – reverse agreements;
- Lombard facilities;
- required reserves;
- the NBM basic rate, etc.
See also:
NBM - The Central Bank of the Republic of Moldova
Source: Moldova's National Bank (Central Bank)
