Concerning The Level Of Interest Rates On National Bank Of Moldova

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

Read the untranslated law here: http://lex.justice.md/index.php?action=view&view=doc&lang=1&id=363033

    Pursuant to article 1. 27(2). (1) (a). the Act No.) 548-XIII of 21 July 1995 regarding the National Bank of Moldova (republished in the Official Gazette of the Republic of Moldova, 2015, nr. 298-300, art. 544) and the provisions of the monetary policy Strategy of the National Bank of Moldova over the medium term (approved by the decision of the Board of Directors of the National Bank of Moldova No. 303 of 27 December 2012), taking into consideration the inflation report No. 1, 2016, the Executive Board of the National Bank of Moldova DECIDES : 1. Maintain the basic rate applied to monetary policy operations in the short term from the current 19.5 percent annually.
2. interest rates remain: a) the borrowings from the current 22.5 percent on a yearly basis;
b) to overnight deposits from the current 16.5 percent annually.
3. this decision shall enter into force on the date of its adoption and shall be published in the Official Gazette of the Republic of Moldova.