OREANDA-NEWS. April 25, 2014. As it agency was informed in the National Bank, the Administrative Board at its meeting has left unchanged the rate for overnight loans - 6.5% and deposit rate overnight - 0,5%.

The ratio of the required reserves on funds attracted by banks in lei and foreign currency were also retained at 14% from the calculation base.

The National Bank said that this decision is aimed at strengthening of inflationary expectations in the context of maintaining the inflation rate within the target of 5% over the medium term, with a possible deviation of ±1.5 percentage points.

The next meeting of the Administrative Board of the National Bank on the monetary policy will take place on May 29. It should be noted that the last time the NBM modified the basic refinancing rate at the end of April 2013, with a drop from 4.5% up to 3.5%.

Before the National Bank decreased it only in the end of February 2012- from 6.5% to 4.5% p.a. In the following months, the rate remained at the same level till the end of April 2013.