The National Bank of Moldova (NBM) has launched the yield curve, a key financial analysis tool that contributes to the development of the financial market and its alignment with international best practices, TRIBUNA reports.

The yield curve is a graphical representation showing the relationship between interest rates and the maturities of financial instruments and serves as a fundamental benchmark for market participants, financial institutions, investors, and public authorities. It provides a clear picture of financing costs in the short, medium, and long term and is essential for financial market analysis and for strengthening transparency in the price formation process of financial instruments.

The yield curve is constructed based on transactions with government securities carried out on both the primary and secondary markets, quotations published for government securities on the single trading platform, as well as money market transactions conducted by the NBM and on the interbank market. A transparent and standardized methodology is used, ensuring the relevance and comparability of the data.

“The launch of the yield curve brings greater transparency and efficiency and demonstrates our capacity to implement modern standards aligned with European requirements and practices. It is a clear signal to investors that our market is becoming more credible and predictable, offering the opportunity to make well-informed financial decisions,” emphasized the Governor of the National Bank, Ms. Anca Dragu.

Through this initiative, the National Bank of Moldova aims to:

improve risk assessment mechanisms and financial instruments;

increase market transparency and predictability;

support the decision-making process of investors and other market participants;

strengthen the reference framework for setting interest rates.

The yield curve will be published weekly on the official NBM website and updated in accordance with the approved methodology.

The National Bank of Moldova reaffirms its firm commitment to the continuous development of the financial market and to promoting a transparent, efficient, and credible framework that serves the interests of all participants — from citizens and companies to investors and financial institutions.