The Administrative Board of the National Bank of Moldova (NBM) has decided to preserve the interest rates: 16% on main short-term transactions of the NBM monetary policy, 18% - on overnight credits, 2% on overnight deposits.

According to the NBM press service, the measures, taken by the NBM (a 2.5% basic rate increase and a 5% compulsory reserve increase), as well as the liquidity management at the monetary market by means of transactions at the open market allowed creating prerequisites for reducing the inflation in 2007.

According to the statistic data, consumer prices in December 2007 grew up 0.9% against 1.6% in October and 1.3% in November. The inflation level in 2007 constituted 13.1% against 14.1% in 2006.

In order to decrease the inflation in 2008 the National Bank decided to preserve the interest rates on the monetary policy instruments.

“For the purpose of consolidating the inflation reduction process the NBM will continue following the dynamics of the macroeconomic and monetary indices, situation at the monetary market and, if necessary, it will take firm and timely measures for providing the macro-economic stability.  // Infotag