Moldova’s central bank held its key interest rate at 6%, following a 400 bps cut in June. After reaching an inflation high of 34.6% in October 2022, the rate moderated to 13.2% YoY in June. The bank expects inflation to decelerate to 9.2% in Q3 2023 and remain within the target range from October 2023 through the first half of 2025.