The NBM maintained its base interest rate at 5%
The NBM maintained its base interest rate at 5%
The Board of the National Bank of Moldova (NBM) has unanimously decided to keep the base interest rate at 5.00% per annum. At the same time, the overnight loan rate remained at 7.00%, and the overnight deposit rate was 3.00%.
The regulator noted that the decision is aimed at maintaining price stability and keeping inflation in the target range of 5% ± 1.5 percentage points. According to recent estimates, annual inflation remains moderate and is close to targets, which makes it possible to maintain the current monetary policy without tightening.
The norms of mandatory reserves also remain unchanged: 26% of the funds raised in Moldovan lei and 33% for funds in freely convertible currency. These instruments are used to regulate the liquidity of the banking sector and contain inflationary pressures.
Maintaining the rate should contribute to the stability of the credit market: average rates on new loans in lei remain in the range of about 7-9% per annum, and on deposits — about 4-6%, depending on the placement period. The NBM will continue to closely monitor internal and external economic risks and adjust monetary policy parameters, if necessary.
Source: Telegram "moldavskii_piston"