Moldova’s Dragu Says Gazprom Crisis to Push Inflation Past 10%

Moldova is bracing for double-digit inflation this year amid an escalating energy crisis triggered by Gazprom PJSC’s decision to cut off gas supply to a key power-generating breakaway region, the country’s top central banker said.

“We currently estimate we’ll reach double digit but low-teens inflation this year,” Central bank Governor Anca Dragu told Bloomberg in an interview at the Invisso CEE Forum in Vienna. After raising interest rates by two percentage points this month to tackle skyrocketing energy prices, she said she’ll wait for a new forecast in February before deciding on further monetary policy moves.