{"id":443805,"date":"2017-05-01T21:10:08","date_gmt":"2017-05-01T21:10:08","guid":{"rendered":"http:\/\/www.moldova.org\/en\/?p=443805"},"modified":"2017-05-01T21:10:08","modified_gmt":"2017-05-01T21:10:08","slug":"moldova-national-bank-keeps-9-base-rate-increases-national-currency-reserves-ratio-40-51-inflation-rate-march","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/moldova-national-bank-keeps-9-base-rate-increases-national-currency-reserves-ratio-40-51-inflation-rate-march\/","title":{"rendered":"Moldova National Bank keeps 9% base rate, increases national currency reserves ratio to 40%, after 5,1% inflation rate in March"},"content":{"rendered":"Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>

On 27 April 2017, the National Bank of Moldova (NBM)\u00a0adopted a decision<\/a> to adjust the short-term monetary policy.<\/p>\n

Therefore, the base rate on short-term monetary policy operations was maintained at the 9% level. The interest rates for overnight loans were set to 12%, while the rates for the deposits were maintained at 6%.<\/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 increased\u00a0by three percent to the level of 40% between 8 May 2017 and 7 June 2017.<\/p>\n

The decision shows that the annual inflation rate constituted 5,1% in March\u00a02017, 0,4% more than in February<\/a>. The core inflation rate constituted 4,6% in February, 0,3% higher than in the previous month.<\/p>\n

The National Bank found good macroeconomic premises for development:<\/p>\n

“The dynamic of macroeconomic indicators in the first two months of 2017 shows premises for further economic recovery in the first quarter of 2017. Thus, the exports increased by 23.9 percent compared to the same period of 2016, imports by 21.3 percent and industrial output – by 1.9 percent. At the same time, the volume of transported goods increased by 13.4 percent.”<\/em><\/p>\n

The National Bank of Moldova aims to maintain the inflation rate within the range of 1,5% from the 5% target. It forecasts an increase of annual inflation rate until the fourth\u00a0quarter of 2017, followed by a stabilization within the latter margin.<\/p>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> < 1<\/span> minute<\/span><\/span>On 27 April 2017, the National Bank of Moldova (NBM)\u00a0adopted a decision to adjust the short-term monetary policy. Therefore, the base rate on short-term monetary policy operations was maintained at the 9% level. The interest rates for overnight loans were set to 12%, while the rates for the deposits were maintained at 6%. The decision […]<\/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-443805","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 27 April 2017, the National Bank of Moldova (NBM)\u00a0adopted a decision<\/a> to adjust the short-term monetary policy.<\/p>\n

Therefore, the base rate on short-term monetary policy operations was maintained at the 9% level. The interest rates for overnight loans were set to 12%, while the rates for the deposits were maintained at 6%.<\/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 increased\u00a0by three percent to the level of 40% between 8 May 2017 and 7 June 2017.<\/p>\n

The decision shows that the annual inflation rate constituted 5,1% in March\u00a02017, 0,4% more than in February<\/a>. The core inflation rate constituted 4,6% in February, 0,3% higher than in the previous month.<\/p>\n

The National Bank found good macroeconomic premises for development:<\/p>\n

“The dynamic of macroeconomic indicators in the first two months of 2017 shows premises for further economic recovery in the first quarter of 2017. Thus, the exports increased by 23.9 percent compared to the same period of 2016, imports by 21.3 percent and industrial output – by 1.9 percent. At the same time, the volume of transported goods increased by 13.4 percent.”<\/em><\/p>\n

The National Bank of Moldova aims to maintain the inflation rate within the range of 1,5% from the 5% target. It forecasts an increase of annual inflation rate until the fourth\u00a0quarter of 2017, followed by a stabilization within the latter margin.<\/p>\n

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