National Bank reduces base rate by two percentage points

The National Bank of Moldova (NBM) has decided to reduce the base rate for the main short-term monetary operations by 2.0%, up to 5.5% annually.

The decision aims to keep inflation within the target range of 5.0 percent, which is an optimal situation for the development of the national economy. Meanwhile, the decision is in line with previous NBM forecasts for inflation.

PUBLIKA.MD recalls that the base rate was changed the last time in July 2019, then the NBM raised it 0.5% which amounted to 7.5%.

 

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