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RESOLUTION OF NATIONAL BANK OF THE REPUBLIC OF MOLDOVA

of January 13, 2022 No. 2

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

Based on Item a) h (1) Articles 27, Law No. 548/1995 on 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, January, 2022, the Executive committee of National Bank of Moldova DECIDES:

1. Increase the basic rate applied on the main short-term transactions of monetary management by 2,00 of percent point - from % 6,50 to % per annum 8,50.

2. Increase the following percentage rates:

a) on the credits overnight on 2,00 of percent point - from % 8,50 to % per annum 10,50;

b) on deposits overnight on 2,00 of percent point - from % 4,50 to % per annum 6,50.

3. Increase the regulation of required reserves applied to the raised funds in Moldovan lei and inconvertible currency on 2, of percent point since the period of application of required reserves in Moldovan lei on February 16, 2022 - on March 15, 2022 and to establish in the amount of 28,0 of % of calculation base.

4. Keep regulation of required reserves applied to the raised funds in freely convertible currency at the current 30,0 level of % of calculation base.

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. 75 of 30.04.2021 about the level of interest rates of National Bank of Moldova and regulation of required reserves (Monitorul Oficial al Republicii Moldova, 2021, No. 112-116 the Art. 477).

6. This resolution becomes effective from the date of acceptance, except for Item 3, which becomes effective on February 16, 2022.

7. This resolution is published in Monitorul Oficial al Republicii Moldova.

Chairman of Executive committee

Octavian to Armash

 

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

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