Friday, January 28, 2011

National Bank of Moldova Holds Benchmark Rate at 8%

The National Bank of Moldova held its benchmark base rate unchanged at 8% but increased the reserve requirement rate on Leu deposits by 300 basis points to 11% from 8% in a policy mix designed to address inflation while maintain a relatively stimulatory rate. Moldova recorded inflation of 8.1% in December 2010 which was above the 7.8% forecast by the central bank, meanwhile core inflation was 4.4% in the same period.


Post a Comment