National Bank of Moldova has lowered interest rates and monetary policy operations
The Executive Committee of the National Bank of Moldova, adopted by unanimous vote the following decision, during the meeting on Monday:
1. Decrease the base rate applied to the main short-term monetary policy operations by 0.5 percentage points, from 8.0% to 7.5% annually.
2. Decrease interest rates:
- overnight credits by 0.5 percentage points, from 11.0% to 10.5% annually;
- overnight deposits by 0.5 percentage points, from 5.0% to 4.5% annually.
3. The norm of required reserves from means attracted in Moldovan Lei and in non-convertible currencies is maintained at the current level of 40.0% of the calculation base.
4. The required reserve ratio of attracted funds in freely convertible currencies is maintained at the current level of 14.0% of the calculation base.
1. Decrease the base rate applied to the main short-term monetary policy operations by 0.5 percentage points, from 8.0% to 7.5% annually.
2. Decrease interest rates:
- overnight credits by 0.5 percentage points, from 11.0% to 10.5% annually;
- overnight deposits by 0.5 percentage points, from 5.0% to 4.5% annually.
3. The norm of required reserves from means attracted in Moldovan Lei and in non-convertible currencies is maintained at the current level of 40.0% of the calculation base.
4. The required reserve ratio of attracted funds in freely convertible currencies is maintained at the current level of 14.0% of the calculation base.