OREANDA-NEWS. September 26, 2008. The president of the National bank of Moldova Leonid Talmaci has informed about this today, presenting to the deputies of the parliament the information on situation at the monetary and currency market of the country.

He has underlined, that norms of mandatory reserves of the banks are lowered from 22 % up to 20,5 %, and the basic refinancing rate- from 18,5 % up to 17 %, respectively. As Leonid Talmaci has noted, such decision of NBM is a signal for commercial banks to decrease the interest rates on the loans that will facilitate access to crediting and will make loans cheaper.

 The rates on the credits will be defined by the market. The president of NBM has also noted that the decision on the decrease of the norms of mandatory reserves of the banks and the basic refinancing rate was made taking into account the inflation evolution which level decreases.

Leonid Talmaci has also told about possibility of further decrease in norms of mandatory reserves of the banks and the basic refinancing rate if such trend of inflation preserves.