RESOLUTION OF ADMINISTRATIVE BOARD OF NATIONAL BANK OF THE REPUBLIC OF MOLDOVA

of November 27, 2008 No. 238

About the level of interest rates

Based on article 26 of the Law on National Bank of Moldova No. 548-XIII of July 21, 1995 (Monitorul Oficial al Republicii Moldova, 1995, No. 56-57, of the Art. 624), with subsequent changes and amendments, and according to monetary and monetarist policies of National Bank of Moldova for 2008 (Monitorul Oficial al Republicii Moldova, 2007, No. 203-206, of the Art. 762), considering evolution of cash and macroeconomic indicators, including the rate of inflation, Administrative board of National Bank of Moldova DECIDES:

1. The basic rate applied on the main short-term transactions of monetary management is established in the amount of % per annum 15,5.

2. The following interest rates are established:

 on overnight credits in the amount of % per annum 17,5;

 on deposits of overnight in the amount of % per annum 2,0.

3. The basic rate on long-term loans (over 5 years) is established in the amount of % per annum 10,5.

4. The interest rates established in Items 1, 2 and 3, are applied from the date of entry into force of this resolution about day of entry into force of new rates.

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