{"id":257002,"date":"2008-11-28T12:03:00","date_gmt":"2008-11-28T12:03:00","guid":{"rendered":"http:\/\/new.moldova.org\/2008\/11\/28\/central-bank-reduces-again-base-rate-and-norm-of-obligatory-reserves-168586-eng\/"},"modified":"2008-11-28T12:03:00","modified_gmt":"2008-11-28T12:03:00","slug":"central-bank-reduces-again-base-rate-and-norm-of-obligatory-reserves-168586-eng","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/central-bank-reduces-again-base-rate-and-norm-of-obligatory-reserves-168586-eng\/","title":{"rendered":"Central bank reduces again base rate and norm of obligatory reserves"},"content":{"rendered":"Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>

The Administration Board of the National Bank of Moldova on November 27 decided to reduce the base rate on the main monetary policy operations by 1.5 percentage points to 15.5%. <\/p>\n

The central bank also decided to decrease the norm of obligatory reserves formed of the resources attracted by banks in Moldovan lei and nonconvertible currency and of the resources attracted in freely convertible currency by 1.5 percentage points to 19%
\n\"\"
\nThe bank said that such decisions were needed as the pursued monetary policy should be liberalized in continuation given the fall in the rate of inflation. It also said that the decisions are aimed at supporting the real sector of the economy by extending bank’s lending possibilities. <\/p>\n

The last time, the Administration Board of the National Bank decreased the base rate and the norm of obligatory reserves (by 1.5%, to 17% and 20.5% respectively) at the end of September, following the lower inflationist pressure. <\/p>\n

In order to curb inflation, the central bank raised the base rate from 13.5% to 16% in August 2007, to 17% in March 2008 and to 18.5% in May 2008.<\/p>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>Central bank reduces again base rate and norm of obligatory reserves<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-257002","post","type-post","status-publish","format-standard","hentry","category-economy"],"content_social_share":"Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>

The Administration Board of the National Bank of Moldova on November 27 decided to reduce the base rate on the main monetary policy operations by 1.5 percentage points to 15.5%. <\/p>\n

The central bank also decided to decrease the norm of obligatory reserves formed of the resources attracted by banks in Moldovan lei and nonconvertible currency and of the resources attracted in freely convertible currency by 1.5 percentage points to 19%
\n\"\"
\nThe bank said that such decisions were needed as the pursued monetary policy should be liberalized in continuation given the fall in the rate of inflation. It also said that the decisions are aimed at supporting the real sector of the economy by extending bank’s lending possibilities. <\/p>\n

The last time, the Administration Board of the National Bank decreased the base rate and the norm of obligatory reserves (by 1.5%, to 17% and 20.5% respectively) at the end of September, following the lower inflationist pressure. <\/p>\n

In order to curb inflation, the central bank raised the base rate from 13.5% to 16% in August 2007, to 17% in March 2008 and to 18.5% in May 2008.<\/p>\n

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