Moldova's c-bank keeps key rate at 3.5%

BNM kept its annual interest rates on overnight loans and deposits at 6.5% and 0.5%, respectively, the bank said in a statement.

It also maintained the minimum reserve requirements on leu- and foreign currency-denominated liabilities of Moldovan commercial banks at 14%.

Moldova's annual consumer price inflation accelerated to 5.7% in March from 5.4% a month earlier, remaining within the central bank's target band, the statement added. The central bank targets end-year inflation of 5.0% with a variation band of 1.5 percentage points on either side.

BNM last revised the key monetary rate in April last year, cutting it to 3.5% from 4.5%.

The central bank board will hold its next monetary policy meeting on May 29.