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Alarm Signal! Chiku: NBM Does Not Stop Here, New Credit Prices Follow
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It does not seem that the increase in credit is over. After raising the base rate, other similar decisions of the NBM are likely to follow, warns MP Ion Chicu, who says that the current increase could be just the beginning of a new wave of higher interest rates. The increase of the base rate by the National Bank of Moldova is a classic monetary policy measure, adopted to temper inflation, but the effects on the economy will be felt quickly, argu…
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