National Bank of Moldova maintains base rate at main monetary policy operations

11:14 | 15.12.2023 Category: Economic

Chisinau, Dec. 15 /MOLDPRES/- The base rate applied to the main short-term monetary policy operations was maintained at 4.75% annually. The decision was taken by the Executive Committee of the National Bank of Moldova (BNM).

At the same time, interest rates on overnight loans remained at 6.75 percent annually, and on overnight deposits - at 2.75 percent annually.

BNM noted that the decision "pursues the maintenance of monetary conditions to further stimulate aggregate demand, including by encouraging consumption, balancing the national economy and anchoring inflationary expectations."

According to the BNM, annual inflation fell within the target range to 5.5 percent in November 2023, "being slightly lower than expected." The deviation was mainly caused by regulated and food prices.

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