Thursday, February 24, 2011

National Bank of Moldova Holds Rate at 8.00%

The National Bank of Moldova maintained its base rate unchanged at 8.00%, while also holding the rate on overnight loans at 11.00%, and the overnight deposit rate at 5.00%. The Bank also maintained the required reserve ratio on local and foreign currency deposits at 11%. Moldova saw inflation of 6.7% in January 2011, down from 8.1% in December. The Bank expects inflation to pick up temporarily in the second half of the year due to rising international food and fuel prices.


Post a Comment