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2025-09-18 16:36:48
Moldova's Central Bank Cuts Interest Rate to 6% to Stabilize Inflation and Support the Economy: (1) On September 18, the Central Bank of Moldova announced a 25 basis point cut in its benchmark interest rate to 6.0%, continuing its accommodative monetary policy stance. This is intended to anchor inflation expectations and guide the annual inflation rate back to the target range of 5.0% ± 1.5%. (2) Data showed that the inflation rate was 7.3% in August, down from 7.9% in July. In the second quarter of 2025, industrial output grew by 3.2%, while retail and wholesale trade increased by 10.1% and 6.9%, respectively, indicating signs of a rebound in economic activity. (3) However, overall growth remained negative, with exports falling by 7.7% and imports surging by 23.1%. The external environment remains uncertain, with trade and geopolitical risks, and volatility in commodity and food markets. (4) The Central Bank stated that it will stabilize the economy and the current account by supporting aggregate demand, consumption, and investment. Future policy decisions will depend on changes in the domestic and international macroeconomic environment.
