OREANDA-NEWS. September 10, 2009. The NBM informed noting that this decision of the NBM Administrative Board, will be published in the next issue of Monitorul Oficial.

Earlier reports state, to increase the liquidity volume in Moldova banking system the Administrative Board of the NBM has approved the decrease in the norms of obligatory reserves in leis by 2 per cent points - from 10% to 8%, in foreign currency by 4 per cent points - from 12% to 8% from the account basis.

The NBM has also decreased by 2 per cent points - from 7% to 5% per year – basic rate for major operations of monetary policy. The Vice-President of the NBM Victor Cibotaru states, further liberalization of the NBM monetary policy is caused by persisting tends of inflation decrease.

He says, the decisions taken will facilitate further decrease in interest rates on credits and deposits in conditions of increase in money offering. Extra liquidity in Moldova banking system together with decrease in basic rate will give broader opportunities for crediting of the economy real sector.