trending Market Intelligence /marketintelligence/en/news-insights/trending/SmPnoZNMIPSNmhfH7ZnROA2 content esgSubNav
In This List

Moldovan central bank slashes base rate, citing slower inflation

Blog

Banking Essentials Newsletter: December 7th Edition

Blog

Banking Essentials Newsletter: December 7th Edition

Blog

Spotlight on sustainability: How banks can overcome the challenges of achieving net-zero emissions by 2050

Blog

Insight Weekly: US election scenarios; borrowing costs rise; commercial REIT fears


Moldovan central bank slashes base rate, citing slower inflation

Banca Naţională a Moldovei, Moldova's central bank, lowered its base rate by 2.0 percentage points, to 5.5%, saying it expects a decrease in inflation in the next year.

The bank also cut interest rates on overnight loans and deposits to 8.5% and 2.5%, respectively.

The central bank said the required reserve ratio in the country's currency and non-convertible currencies fell, while that in freely convertible currencies rose. "This will encourage the financial intermediation in national currency and, respectively, will discourage that in foreign currency," the bank said in a statement.

The central bank said it intends to maintain inflation at its target of 5.0%.