Interest rates on monetary regulation instruments of NBM
The National Bank of Moldova is promoting the policy of rates on monetary regulation instruments, taking into account the circumstances in the money and foreign exchange markets, based on the analysis of the national economy situation, the inflationary processes dynamics and the forecast expectations of macroeconomic indicators.
While promoting the policy of rates, NBM uses the “corridor” method; the highest rate is applied on overnight credits, and the lowest rate – on overnight deposits.
The basic rate shall be approved as the reference rate for the main short-term monetary policy operations.
Due to the fact that NBM continues to service long-term credits extended for Government programs implementation, NBM determines the interest rate on long-term (over 5 years) credits.