The Executive Committee of the National Bank of Moldova will hold its next monetary policy meeting on June 3, but not on June 14, as it was previously planned.
The National Bank of Moldova (NBM) informed about it, noting that in the context of a gradual adjustment of the antiinflationary monetary policy in order to achieve the main objective, the Executive Committee of the National Bank, at its sitting, has modified the calendar of its meetings on the monetary policy promotion in 2022. It is worth mentioning that at the NBM Executive Committee’s last sitting of May 5, it decided to increase the base rate applied on the main short-term monetary policy operations by another 3 percentage points, from 12.5% up to 15.5%. Also, the interest rates on overnight credits and deposits were increased by 3 percentage points, from 14.5% to 17.5% and from 10.5% to 13.5% per year, respectively. At the same time, for the following provisioning period - from May 16 - it is foreseen to increase the required reserves from funds attracted in MDL and convertible currency by 2 p.p. - from 28% to 30% of the calculation base, and for funds attracted in freely convertible currency, by 3 p.p. - from 30% to 33% of the calculation base. // 25.05.2022 - InfoMarket.
