OREANDA-NEWS. July 30, 2012. As it was informed in the NBM, the decision to keep the basic rate on the main monetary policy operations for a short period the Administrative Board of the National Bank adopted on July 26, taking into account evaluation of the macroeconomic situation and the external economic environment, trends and forecasts of macroeconomic indicators in the medium term.

There have also been evaluated the inflation outlook in the short and medium term, potential risks and uncertainties in the subsequent period. In addition, the Administrative Board of the NBM kept the same level of interest on loans overnight - 7,5%, as well as on deposits overnight - 1,5%. The ratio of required reserves on attracted funds by banks in MDL and foreign currency also remained unchanged at 14% of the calculation base.

Decision of the NBM is aimed at curbing inflationary expectations in the light of strengthening the prospects for maintaining inflation within a target to further ensure adequate monetary conditions in order to stimulate domestic demand and support the process of lending, which would increase the potential for economic growth.

The next meeting of the Administrative Board of the National Bank of the Monetary Policy held on 30 August. It should be noted that since the end of November 2011 NBM 4 months. Streak reduced the base rate of refinancing.

Thus, in late November 2011 it was reduced by 0.5 percentage points - from 10% to 9.5% per annum, at the end of December - by 1 percentage point - From 9.5% to 8.5% in late January - 2 percentage points - from 8.5% to 6.5%, and at the end of February - by another 2 percentage points - From 6.5% to 4.5% per annum. In subsequent months, the rate remained the same.