RESOLUTION OF NATIONAL BANK OF THE REPUBLIC OF MOLDOVA

of June 25, 2015 No. 165

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

Based on the Art. 17, Item a) the Art. 26, the Law No. 548-XIII of July 21, 1995 on National Bank of Moldova (Monitorul Oficial al Republicii Moldova, 1995, Art. No. 56-57, 624), with subsequent changes and amendments, 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 on macroeconomic situation, June, 2015, the Administrative board of National Bank of Moldova DECIDES:

1. Increase the basic rate applied on the main short-term transactions of monetary management by 1,0 of percent point - with % 14,5 to % per annum 15,5.

2. Increase the following interest rates:

a) on the credits overnight on 1,0 of percent point, with % 17,5 to % per annum 18,5;

b) on deposits overnight on 1, percent point, with % 11,5 to % per annum 12,5.

3. Ceased to be valid according to the Resolution of National Bank of the Republic of Moldova of 30.07.2015 No. 200

4. Keep regulation of required reserves on the raised funds in freely convertible currency at the 14,0 level of % of calculation base.

5. Item 3 of this resolution becomes effective on August 8, 2015.

6. From the date of entry into force of Item 3 of this resolution to declare invalid Item 3 of the Resolution of Administrative board of National Bank of Moldova No. 139 of 28.05.2015 about the level of interest rates of National Bank of Moldova and regulation of required reserves (Monitorul Oficial al Republicii Moldova, 2015, No. 139-143 the Art. 997).

7. This resolution becomes effective from the date of acceptance and is published in Monitorul Oficial al Republicii Moldova.

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