The National Bank of Moldova (BNM) welcomes the conclusions of the Executive Board of the International Monetary Fund (IMF), issued following the Article IV consultation with the Republic of Moldova and published at the end of last week. The assessment reconfirms the BNM’s role as a credible institution with prudent and effective policies, in an economic and geopolitical context marked by uncertainty.

According to the IMF evaluation, the prompt and adequate response of the BNM to the inflationary pressures generated by the 2025 energy shock contributed to stabilizing the macroeconomic environment and bringing inflation back, in 2026, within the central bank’s target range of 5% ± 1.5 percentage points. This development reflects the effectiveness of the monetary policy framework and the BNM’s capacity to react decisively to external shocks.

The BNM highlighted that the IMF confirms the continued solidity of Moldova’s banking sector. Supervisory and macroprudential measures implemented by the central bank have supported the preservation of financial stability.

The IMF also encouraged strengthening the dimensions related to the independence and governance of the central bank, considering them key factors for maintaining the credibility of BNM policies.