National Bank of Moldova decides to increase base rate up to 14.5% per year

The Council of Administration of the National Bank of Moldova, decided to increase by 0.5 p.p. the base rate applied on commercial banks’ refinancing. The base rate was settled at 14.5% per year. According to a press release of the NBM, banks’ refinancing is performed through SS two-month acquisition Repos conducted within NBM open market operations. The increase in the base rate was justified by the necessity of maintaining a firm control of liquidity on the money market, fact that will influence the inflationist anticipations.