OREANDA-NEWS. February 25, 2011. This decision was taken by the National Bank Administrative Board on February 24 given the macroeconomic situation in the country, trends and forecasts of the macroeconomic indicators for a medium-term prospect, including outlooks of the short-term and medium-term inflation in conditions of potential uncertainty and possible challenges.

The National Bank Administrative Board also preserved overnight credit rates at 11% and overnight deposit rates – 5%. In December 2010, all mentioned rates were increased by 1 percentage point. The National Bank also decided to keep the norms of required reserves on funds attracted by banks in MDL and currency at 11% of the calculating basis.

The National Bank’s decision will become effective after publication in the Monitorul Official. The National Bank will continue monitoring the macroeconomic indicators and the situation in the monetary, foreign exchange and credit markets and will quickly react at all internal and external challenges. The nest sitting of the National Bank Administrative Board will take place on March 31.