Events and Comments
The NBM reduced the basic rate applied for the main short-term monetary policy operations by 1 percentage point - from 9% to 8% per annum.
The Executive Committee of the National Bank of Moldova adopted this decision at a meeting on Wednesday. In addition, the NBM Executive Committee also reduced the interest rate for overnight loans from 12% to 11% per annum by one percentage point, and the interest rate on overnight deposits - from 6% to 5% per annum. The next meeting of the NBM Executive Committee on Monetary Policy will be held on July 26, 2017. It should be noted that the NBM kept the basic refinancing rate unchanged at 9% from October 27, 2016, after reducing it by 0.5 percentage points in the previous two months - first from ...