RESOLUTION OF NATIONAL BANK OF THE REPUBLIC OF MOLDOVA

of March 20, 2020 No. 73

About the level of interest rates of National Bank of Moldova and regulation of required reserves

Based on Item a) parts (1) article 27 of the Law No. 548/1995 of year about National Bank of Moldova (pereopublikovan: Monitorul Oficial al Republicii Moldova, 2015, Art. No. 297-300, 544, with subsequent changes) and according to the Strategy of monetary management of National Bank of Moldova for the medium-term period approved by the Resolution of Administrative board of National Bank of Moldova No. 303 of December 27 2012, considering the Report of risk assessment of variation from the forecast of inflation, March, 2020, the Executive committee of National Bank of Moldova DECIDES:

1. Reduce the basic rate applied on the main short-term transactions of monetary management by percent point 1,25, with % 4,5 to % per annum 3,25.

2. Lower the following interest rates:

a) on the credits overnight on 1,25 of percent point, with % 7,5 to % per annum 6,25;

b) on deposits overnight on 1, percent point, with % 1,5 to % per annum 0,25.

3. Ceased to be valid according to the Resolution of National Bank of the Republic of Moldova of 06.08.2020 No. 183

4. Ceased to be valid according to the Resolution of National Bank of the Republic of Moldova of 06.08.2020 No. 183

5. From the date of entry into force of Item 3 of this resolution to declare invalid Item 3 of the Resolution of Executive committee of National Bank of Moldova No. 324 of 11.12.2019 about the level of interest rates of National Bank of Moldova and regulation of required reserves (Monitorul Oficial al Republicii Moldova, 2019, No. 340-387 the Art. 2122).

6. From the date of entry into force of item 4 of this resolution to declare invalid item 4 of the Resolution of Executive committee of National Bank of Moldova No. 324 of 11.12.2019 about the level of interest rates of National Bank of Moldova and regulation of required reserves (Monitorul Oficial al Republicii Moldova, 2019, No. 380-387 the Art. 2122).

7. This resolution becomes effective from the date of acceptance, except for Items 3 and 4, which become effective on April 16, 2020.

8. Publish this resolution in Monitorul Oficial al Republicii Moldova.

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