NBM preserves main rates on monetary policy instuments

The Management Board of the National Bank of Moldova [NBM] made no changes to the basic rates of the monetary-crediting tools.

The basic rate on short-term operations remained at 4.5%, the basic rate on over-night credits stands at 7.5%, whereas the rate for the over-night deposits remained at 1.5%. At the same time, the norm of mandatory reserves from the earned proceeds remained at the same level of 14%.

The basic rates have been preserved at the same level since March 2012. The National Bank of Moldova announced that it would further control the situation in this field and will monitor the main trends in the international economic development in order to adequately use the monetary policy instruments and to ensure the fulfillment of the tasks envisaged in the medium-term monetary policy strategy and to maintain the stability of prices. The next meeting of the Management Board of the National Bank of Moldova, focused on the monetary policy, was scheduled for January 31, 2013.

Adapted from Infotag