of May 26, 2010 No. 112
About the level of interest rates of National Bank of Moldova
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, according to Strategy about monetary management of National Bank of Moldova for 2010-2012 (approved by the Decision of Administrative board of National Bank of Moldova No. 292 of December 29, 2009) and considering the monthly report on macroeconomic situation, the Administrative board of National Bank of Moldova DECIDES:
1. Keep the basic rate applied on the main short-term transactions of monetary management at the current level in the amount of % per annum 7,0.
2. Keep the following interest rates: on overnight credits in the amount of % per annum 10,0; on deposits of overnight in the amount of % per annum 4,0.
3. Keep basic rate on long-term loans (over 5 years) at the current level in the amount of % per annum 7,0.
4. The interest rates established in Items 1, 2 and 3, are applied from the date of entry into force of this resolution and are valid about day of entry into force of new rates.
5. Keep the standard rate of required reserves on the raised funds in Moldovan lei and inconvertible currencies, also as well as the standard rate of required reserves on the raised funds in freely convertible currencies at the 8,0 level from calculation base.
6. The next meeting of the NBM Administrative board concerning monetary management will take place on June 24, 2010 according to the approved schedule.
Chairman of Administrative board
National Bank of Moldova
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