Situation at Currency Market of Moldova Is Stable
OREANDA-NEWS. On December 05, 2008 as the first vice-president of the National Bank of Moldova noted during the "round table": "The world economic crisis and its impact on Moldova in 2008-2009", purchase and sale of currency are well-balanced.
Talking about the interest rates on loans and deposits, Cibotaru noted that earlier the National Bank provoked their growth by increasing the base rate and the rate of mandatory reserves. After reducing the base rate by 1.5 points- up to 15.5%, as well as the mandatory reserves norms, it would be logical to decrease the commercial banks’ rates.
However, as Cibotaru specified, banks are complicated mechanism, so they can not do it immediately. In addition to macroeconomic indicators, they think of their market share.
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