August 28 (SeeNews) - Moldova's central bank, BNM, has decided to keep its key interest rate unchanged at 3.5%, the bank said on Thursday.
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 slowed down to 5.3% in July from 5.0% 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 September 25.