The base rate on the major monetary policy operations will remain at the level of 6% a year, while the interest rates on the overnight loans and deposits – at 9% and, respectively, 3% a year. The decision was made at a meeting of the Central Bank's Administration Board on February 25, Info-Prim Neo reports. It was also decided that the base rate on the loans granted for more than five years will be maintained at the level of 6% a year. The norm of obligatory reserves composed of resources attracted in Moldova lei, non-convertible currency and freely convertible currency will remain 8% of the calculation base. In a communiqué, the central bank says the demand for loans in economy is lower compared with the previous years. The economic situation does not allow increasing the interest rates on loans and they could be even decreased. The Administration Board's decision of January 25 to fully sterilize the excess liquidity will maintain the same conditions on the money market. This could stop the decrease in interest rates on deposits and will probably contribute to a slight rise in them, the communiqué says. The Central Bank's Administration Board will hold a new meeting centring on the monetary policy on March 25.