​NBM KEEPS RATES OF MONETARY POLICY INSTRUMENTS UNCHANGED

The National Bank Administrative Board has left unchanged the rates of the monetary policy instruments.

Thus, the short-term transactions base rate has been kept at the level of 19.5%, overnight credits – 22.5%, overnight deposits – 16.5%.

Respectively the required reserves ratio from funds attracted in foreign currency remains at 14%, while in Moldovan lei and nonconvertible currency – 32%.

The decision was taken mainly due to the fact that prices are growing faster than it was forecasted, while the country’s industrial production, foreign trade and cargo transportations keep falling.

The next Administrative Board meeting on monetary policy will take place on December 30.

Infotag’s dossier: As of the beginning of 2015, the base rate was 6.5%, on overnight credits – 9.5%, overnight deposits – 3.5%. Since then, the rates have been raised almost each month. The previous raising took place in August – by 2%.