By Iulian Ernst in Bucharest The headline inflation in Moldova (chart) eased to 4.3% y/y in February from 4.5% y/y in January, remaining in the 4-5% lower half of the 5%+/-1pp target band for the third consecutive month. Moldova’s central bank, the National Bank of Moldova (BNM), cut the policy interest rate by 50 basis points (bp) to 4.25% on February 6, pointing out that inflation remained within the target band for the third consecutive month in December. Food prices increased by 3.5% y/y in February, non-food prices by 5.6% and the services fees (which include the energy prices) by 3.5% y/…