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Moldova C-bank Cuts Key Interest Rate to 14% from 15.5%

Dec 18, 2008, 5:28:31 PMArticle by Kristina Belkina
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December 18 (SeeNews) - Moldova's central bank, BNM, on Thursday cut the key interest rate it uses in repo deals with commercial banks to 14% from 15.5%.

Moldova C-bank Cuts Key Interest Rate to 14% from 15.5%

The central bank also cut its minimum reserves requirements on both leu- and foreign currency-denominated liabilities of Moldovan commercial banks by 1.5 percentage points to 17.5%, BNM said in a statement.

The central bank last changed its key rate in November, when it reduced it to 15.5% from 17%.

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