In October, inflation entered the variation range targeted by the National Bank of Moldova (BNM), reaching 6.3%. The figures are included in a report on inflation, presented by BNM governor Octavian Armasu.
“Inflation continued to fall throughout the year. Dynamics was supported by several factors, primarily our previous monetary policy decisions, and modest domestic demand, exchange rate appreciation and certain developments in energy prices and electricity tariffs and natural gas,” said Armasu.
All components of inflation show a downward trend, including core inflation.
“We have more volatility in fuel prices, which have even reached negative levels in certain periods,” Armasu said.
He added that the BNM would continue to promote a stimulative monetary policy to encourage domestic demand and would aim to achieve its objective of maintaining medium-term inflation within the range of the target variation of 5%. (Moldpres/Business World Magazine)
