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THE RESOLUTION OF THE NATIOANL BANK OF MOLDOVA TO REDUCE THE BASIS RATE OF REFINANCING BY 2 P.P. FROM 8,5% TO 6,5% COMES INTO EFFECT

06-02-2012

The respective resolution about the basis rate of NBM for long-term credits, interest rates of NBM and the norm of reserves required have been published in the Monitorul Oficial. NBM has also decreased the interest rates on overnight loans by 2 p.p. from 11,5%to 9,5%, annually; and on overnight deposits from 5,5% to 3,5%. At the same time, the required reserves ratio from financial means attracted in MDL and foreign currency are maintained at the current level of 14.0 percent of the base. This resolution was adopted today by the National bank of Moldova, as assessing the current macroeconomic situation of the Republic of Moldova and the external economic environment, estimating the trends of the medium term macroeconomic indicators and quantifying the medium and short term inflation outlook as well as some possible risks and uncertainties. The next meeting of the Administrative Board of the National Bank is to take place on February, 23. This is the third month in succession when NBM is decreasing the basis rate of refinancing. In November, 2011 it was decreased by 0,5 p.p. from 10% to 9,5% p.a., in December by 1 p.p. from 9,5% to 8,5%.

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Other news

  • 18-05-2012

  • INDUSTRIAL PRODUCTION DECREASED 3,4%. IN JANUARY-MARCH, 2011 IN MOLDOVA AS COMPARED WITH THE LIKE PERIOD OF 2010

    17-05-2012

    According to the National Bureau of Statistics, the volume of industrial production declined 4,5% in March, 2012 as compared with March, 2011 The decline in industrial production was explained by 9,1% lower production in the mining industry, by 3,1% lower production in the processing industry and the 3,8% less production in the energy sector.

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  • THE SALES TURNOVER OF RETAIL ENTERPRISES GREW 19,6% IN MARCH, 2012 AS COMPARED WITH FEBRUARY

    17-05-2012

    According to the National Bureau of Statistics, this is 1,2% up as compared with the same period of 2011. In Q1, 2012 the sales turnover of enterprise with retail sales as their primary business line grew 4,4% in comparable prices against numbers of Q1, 2011. The sales turnover of enterprises rendering market services to population increased 18,9% as compared with the previous month and 3,4% as compared with March, 2011. In Q, 1, 2012 their turnover increased 3,7% in comparable prices as compared with Q1, 2011.

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  • THE EUROPEAN COMMISSION HIGHLY APPRECIATES PROGRESS AND PROSPECTS OF MOLDOVA ON ITS WAY TO THE INTEGRATION INTO EUROPE, -HEAD OF EC DELEGATION IN RM DIRK SCHUEBEL

    17-05-2012

    As presenting an annual EC report on implementation of the European Neighboring Policy, realized since 2011, at a press-conference on Tuesday, he said that within the last year Moldova achieved significant progress in lots areas and stands a chance to be given a “chunk of the pie” from the budget assigned by EC for realization of ENP.

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  • THE AVERAGE WAGE IN THE ECONOMY OF MOLDOVA MADE UP 3273,5 LEIS IN MARCH, 2012, 9,7% UP AS COMPARED WITH MARCH, 2011

    15-05-2012

    Adjusted to inflation, it grew 4,1% in real terms. The average wage was2957,5 leis if the budget sector and 3423,6 leis in the real sector, growing 11,9% and 8,8% respectively. According to the National Bureau of Statistics, the highest average salary was paid to workers of the banking sector and made 7214,8 leis(+15,6% against March, 2011).

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