{"id":442679,"date":"2016-10-10T20:09:50","date_gmt":"2016-10-10T20:09:50","guid":{"rendered":"http:\/\/www.moldova.org\/en\/?p=442679"},"modified":"2016-10-10T20:09:50","modified_gmt":"2016-10-10T20:09:50","slug":"national-bank-moldova-decreases-base-rate-95","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/national-bank-moldova-decreases-base-rate-95\/","title":{"rendered":"National Bank of Moldova decreases the base rate to 9,5%"},"content":{"rendered":"Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>

On September 29th, the National Bank of Moldova adopted a decision<\/a> by unanimous vote to adjust the short-term monetary policy.<\/p>\n

Therefore, the base rate on short-term monetary policy operations was decreased by 0,5% from 10% to 9,5%. The interest rates for overnight loans were decreased from 13% to 12,5%, while the rates for the deposits were decreased from 7% to 6,5%.<\/p>\n

The decision states that the required reserves ratio from financial means attracted in freely convertible currency would be maintained at the level of 14% of the base. Those attracted in MDL (Moldovan leu) and non-convertible currency would be set at the level of 35%.<\/p>\n

The central monetary and banking regulator announces that the consumer prices inflation constituted 3,6% in August, 3,4% less than in July<\/a>. The variation is still in the range of 1,5% from the targeted 5%, for the first time in the last 18 months.
\nThe annual inflation rate constituted 7,5% in August, 1,3% less than in July.<\/p>\n

According to the National Bank, the biggest threat to Moldova\u2019s inflation rate are still the weak economic activity in the Eurozone and in Russia, the biggest commercial partners, the high volatility of the financial markets, the evolution of oil prices associated with uncertainty regarding the price of raw materials and food products. The main internal risks and uncertainties arise from postponing the adjustment of regulated tariffs, the modification of excise duties, in terms of fiscal policy conduct for 2017 and of harvest in 2016, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>On September 29th, the National Bank of Moldova adopted a decision by unanimous vote to adjust the short-term monetary policy. Therefore, the base rate on short-term monetary policy operations was decreased by 0,5% from 10% to 9,5%. The interest rates for overnight loans were decreased from 13% to 12,5%, while the rates for the deposits […]<\/p>\n","protected":false},"author":6,"featured_media":441786,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-442679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"content_social_share":"Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>

On September 29th, the National Bank of Moldova adopted a decision<\/a> by unanimous vote to adjust the short-term monetary policy.<\/p>\n

Therefore, the base rate on short-term monetary policy operations was decreased by 0,5% from 10% to 9,5%. The interest rates for overnight loans were decreased from 13% to 12,5%, while the rates for the deposits were decreased from 7% to 6,5%.<\/p>\n

The decision states that the required reserves ratio from financial means attracted in freely convertible currency would be maintained at the level of 14% of the base. Those attracted in MDL (Moldovan leu) and non-convertible currency would be set at the level of 35%.<\/p>\n

The central monetary and banking regulator announces that the consumer prices inflation constituted 3,6% in August, 3,4% less than in July<\/a>. The variation is still in the range of 1,5% from the targeted 5%, for the first time in the last 18 months.
\nThe annual inflation rate constituted 7,5% in August, 1,3% less than in July.<\/p>\n

According to the National Bank, the biggest threat to Moldova\u2019s inflation rate are still the weak economic activity in the Eurozone and in Russia, the biggest commercial partners, the high volatility of the financial markets, the evolution of oil prices associated with uncertainty regarding the price of raw materials and food products. The main internal risks and uncertainties arise from postponing the adjustment of regulated tariffs, the modification of excise duties, in terms of fiscal policy conduct for 2017 and of harvest in 2016, respectively.<\/p>\n

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