National Bank of Moldova cuts short term interest rate by 0.5-per-cent

National Bank of Moldova (NBM) cuts the short-term interest rate applied on the main monetary policy by 0.5 percentage points, from 9.5 to 9.0 percent annually. A decision to this effect was adopted by the Executive Board of the National Bank during the meeting on October 27th:

1 The short term interest rate on the main monetary policy operations is reduced by 0.5 percentage points, from 9.5 down to 9.0 percent annually.

However, according to the Committee, the interest rates that decrease are:

- Overnight loans by 0.5 percentage points, from 12.5 to 12.0 percent annually;
- Overnight deposits by 0.5 percentage points, from 6.5 to 6.0 percent annually.






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