The basic rate applied at the principal short-term monetary policy operations was established at 10% annually, against 14% earlier. The executive committee of the National Bank of Moldova (BNM) took a decision to this effect on May 11.
At the same time, the rates of interest on the overnight loans were set at 12% annually (against 16% earlier) and on the overnight deposits – at 8% annually (against 12%).
According to BNM, the 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 March. (Moldpres/Business World Magazine)
