The National Bank of Moldova has launched a yield curve as a market reference tool showing the relationship between interest rates and maturities, aimed at improving financial market analysis, risk and instrument valuation, and the transparency of pricing and interest rate setting. The curve is constructed from primary and secondary market transactions in government securities, published quotes for government securities on the single trading platform, and money market transactions including both National Bank of Moldova operations and interbank trades, using a transparent and standardised methodology. It will be published weekly on the National Bank of Moldova’s website and updated in line with the approved methodology.