OREANDA-NEWS. December 01, 2014. As it was informed in the National Bank, the Administrative Board did not change the rate for overnight loans which makes 6.5%, the rate on the overnight deposits- 0.5%, respectively.

The ratio of the required reserves on the funds attracted by banks in MDL and foreign currency was retained at 14% of the calculation base. The National Bank notes that this decision is aimed at anchoring inflation expectations in the context of maintaining inflation 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 December 30. It should be noted that the last time the NBM has changed the basic refinancing rate at the end of April 2013, falling it from 4.5% to 3.5%. Before that, the National Bank reduced it only at 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.