(Adds details, quote)
CHISINAU, Feb 7 (Reuters) - Moldova's central bank has
cut its key interest rate to 17% from 20% as consumer price
inflation has continued to slow, Central Bank Governor Octavian
Armasu said on Tuesday.
Armasu said the central bank expected consumer price
inflation to slow to 13.7% this year after peaking in 2022. He
noted inflation slowed to 30.2% in December compared with 34.6%
in October last year.
"The decision is based on disinflationary processes in the
short term and it is aimed at supporting the national economy
and businesses," he told a news briefing.
The central bank last cut the interest rate at the start of
December.
Moldova's economy has been hit by the spillover from
Russia's invasion of Ukraine almost a year ago, with high energy
and food prices driving consumer inflation sharply higher in
2022.
(Reporting by Alexander Tanas, writing by Olena Harmash,
editing by Christina Fincher)
pavel.polityuk.thomsonreuters.com@reuters.net))
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