RESOLUTION OF NATIONAL BANK OF THE REPUBLIC OF MOLDOVA

of February 25, 2016 No. 36

About the level of interest rates of National Bank of Moldova

Based on the item a) h (1) Art. 27 of the Law No. 548-XIII of July 21, 1995 on National Bank of Moldova (pereopublikovan: Monitorul Oficial al Republicii Moldova, 2015, Art. No. 297-300, 544) and according to the Strategy of monetary management of National Bank of Moldova for the medium-term period (it is approved by the Resolution of Administrative board of National Bank of Moldova No. 303 of December 27 2012), considering the Report on macroeconomic situation, February, 2016, the Executive committee of National Bank of Moldova DECIDES:

1. Lower the basic rate applied on the main short-term transactions of monetary management by 0.5 percentage points, from 19.5% to 19.0% per annum.

2. Lower the following interest rates:

a) on the credits overnight on 0.5 percent points, from 22.5% to 22.0% per annum;

b) on deposits overnight on 0.5 percent points, from 16.5% to 16.0% per annum.

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

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