OREANDA-NEWS. July 01, 2011. This decision was taken by the Bank’s Administrative Board, given the macroeconomic situation in the country, tendencies and macroeconomic indicators medium-term projections, including prospects of the short-term and medium-term inflation in conditions of potential uncertainty and possible challenges.

The NBM’s Administrative Board also kept the interest rates on overnight credits’ at 11%, on overnight deposits – at 5%. The NBM’s decision will become effective once published in the Monitorul Oficial. According to the NBM, the decision to leave the refinancing rate unchanged aims to refrain inflationary expectations, to back tendencies of settlement of the level of licensed banks’ interest rates and to optimize the population’s savings formation process.

The NBM will continue permanent monitoring of macroeconomic indicators and situation in the monetary, foreign exchange and credit markets and will react promptly at all internal and external challenges.

The next meeting of the NBM’s Administrative Board on the monetary policy will be held on 28th of July.