Inflation in Moldova rose to 22.16% in March
PHOTO
CHISINAU - Moldova's central bank has raised its key interest rate to a six-year high of 15.5% from 12.5%, the fifth successive hike intended to restrain persistent inflation, the bank's governor Octavian Armasu said on Thursday.
Inflation in Moldova rose to 22.16% in March year-on-year from 18.52% in February, far off the central bank's target of 5%. Inflation exceeded 5% last September.
(Reporting by Alexander Tanas; writing by Natalia Zinets, editing by Timothy Heritage)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
