The NBM wants to scare with high interest rates, but Moldovans laugh and take out loans, and the Government is suffocated by interest rates

The latest tightening of monetary policy by the National Bank of Moldova (BNM) hit the government's pocket the hardest, as it had to borrow at higher costs. In contrast, the impact on the population was much more moderate: consumer loans continued to be accessed without difficulty, and mortgage loans became slightly cheaper, despite a slight decrease in volume caused by high apartment prices. "I believe that the critical phase of the crisis has …