The base rate applied to the main short-term monetary policy operations was maintained at 4.75% annually. The decision was taken by the Executive Committee of the National Bank of Moldova (BNM) on December 15.
Interest rates on overnight loans remained at 6.75% annually and on overnight deposits – at 2.75% annually.
BNM noted that the decision “pursues the maintenance of monetary conditions to further stimulate aggregate demand, including by encouraging consumption, balancing the national economy and anchoring inflationary expectations.”
According to the BNM, annual inflation fell within the target range to 5.5% in November, “being slightly lower than expected.” The deviation was mainly caused by regulated and food prices. (Moldpres/Business World Magazine)