National Bank of Moldova reduces basic rate at principal monetary policy operations

Chisinau, 11 May /MOLDPRES/ - The basic rate applied at the principal short-term monetary policy operations was established at 10 per cent annually, against 14 per cent earlier. The executive committee of the National Bank of Moldova (BNM) took a decision to this effect today.   

At the same time, the rates of interest on the overnight loans were established at 12 per cent annually (against 16 per cent earlier) and on the overnight deposits – at 8 per cent annually (against 12 per cent).   

According to BNM, the today’s decision continues the string of stimulating measures of monetary policy starting from late 2022. ‘’BNM manages the inflationist process, aiming at decreasing the inflation through stimulating the aggregate demand, including through encouraging the consumption, balancing the national economy and anchoring the inflationist expectations,’’ the Bank said.  

The last change of the basic rate applied at the principal short-term monetary policy operations was made in late last March.     

Photo: BNM