National Bank of Moldova Keeps Basic Rate at 7%
OREANDA-NEWS. October 01, 2010. According to the decision of NBM Administrative council made on Thursday, the credit rates overnight – 10%, the deposit rates overnight – 4%, the long-term credits (more than 5 years) – 7% were kept on the same level as well.
The normative standard of statutory provisions in Moldavian lei and foreign currency attracted by the banks was also kept unchanged – 8%. This decision was made, taking into account the assessment of macroeconomic situation in the country, the tendencies and prognoses of macroeconomic indicators for a medium-term perspective, including a medium-term inflation prognosis in the context of possible risks.
The NBM specialists said they would continue the permanent monitoring of macroeconomic indicators and situation on the monetary, exchange and credit markets and react operatively to all internal and external challenges. The next meeting of Administrative council of the NBM on monetary policy will take place on October 28, 2010.
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