Interest Rates On The Nbm

Original Language Title: cu privire la nivelul ratelor dobânzilor Băncii Naţionale a Moldovei

Read the untranslated law here: http://lex.justice.md/index.php?action=view&view=doc&lang=1&id=364210

Pursuant to art. 27 para. (1) a) of Law no. 548-XIII of 21 July 1995 on the National Bank of Moldova (republished in the Official Gazette of the Republic of Moldova, 2015, no. 297-300, art.544) and the Strategy of Monetary Policy of the National Bank in the medium term ( approved by Resolution of the Management Board of the National Bank of Moldova no.303 of 27 December 2012), taking into account the monthly report on the macroeconomic situation, in March 2016, the Executive Board of the National Bank of Moldova

DECIDES:

1. Decreases the base rate applied on the main monetary policy in the short term by 2.0 percentage points, from 19.0 to 17.0 percent annually.
2. Decreases interest rates:
a) on overnight loans by 2.0 percentage points, from 22.0 to 20.0 percent annually;
B) on overnight deposits by 2.0 percentage points, from 16.0 to 14.0 percent annually.
March. This decision shall enter into force upon adoption and shall be published in the Official Gazette of the Republic of Moldova.