The yearly rate for First House project increases. It will increase up to 0,20%. The announcement was made by one of the biggest banks in Moldova, after the National Bank increased the interest of the program from 4,55% to 4,75%.

One week ago, the National Bank increased the interest rate by 0,5%.

The National Bank said that this is necessary in order to face the growth of the prices.

The basis rate was established two years ago, after BNM changed the cap rate in 2017. The First House project was launched in March 2018, at the initiative of Pavel Filip, the DPM vice-president/

After it was launched, First House 2, 3 and 4 appeared.