Economic Reality, No. 4
Automatically translated summary. The full text is available in Romanian.
The fourth issue of Economic Reality reviews economic developments in Moldova in May and June. It examines the continued recovery of industry, rising inflationary pressures, the National Bank of Moldova's tightened policy response and the debate over the strongly appreciating Moldovan leu.
According to the issue, developments in May and June point to a continued revival of the industrial sector. At the same time, inflationary pressures are intensifying, driven by higher prices for food and energy resources and by a larger volume of foreign currency entering the country.
In these conditions, the National Bank of Moldova sharply tightened its anti-inflationary policy measures. Smaller interventions on the foreign exchange market, however, led to a strong appreciation of the Moldovan leu. This triggered significant political debates and accusations directed at the National Bank of Moldova. The issue also sets out what the correct strategy for the Republic of Moldova would be.
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