Central bank reviews inflation rate

The Administration Board of the National Bank of Moldova reviewed the annual inflation rate for 2013, raising it from 4.1%, as forecast in the inflation report three months ago, to 4.3%, IPN reports.

The annual rate of inflation in June was 5.5%, by 0.2% lower than a month before. Over the last 17 months, the annual inflation rate varied around 5% ± 1.5%, being within the target of the central bank.

The new, third report this year will be presented in a news conference on August 1.

The Administration Board maintained the base rate on the main short-term monetary policy operations at the level of 3.5% and the base rate on loans repayable in over five years at the level of 4%.

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