National Bank increased the norm of the compulsory savings to prevent the raise of the inflation
The National Bank takes measures to prevent the raise of the inflation and maintain it of five percent. In this sense, the required amount in lei was indexed by 2.5 points between September 16 and October 15 and will be 42.5% of the calculation base. The decision was taken by the Executive Board of the Central Bank.
According to experts, the situation is explained by the increase in the amount of deposits in Moldovan lei.
"It is related to the pressure we have on the money market. At present, the citizens, the legal persons deposit money in banks, especially in Moldovan Lei, and now they have reached 61 billion lei, while the number of credits remains at 33 billion lei, is based on the growth of lending to individuals, while lending to legal persons will at least stabilize, but will not grow, "said economic expert Veaceslav Ionita.
According to the experts, after October 15 the situation could change and the norm of the required reserves in lei could be reduced to 40 percent.
In particular, this is due to the revival of the credit market.
The reserve requirement from foreign currency means will remain at the current 14 percent of the base.