While maintaining the prime rate level, the NBM Executive Board reduces the required reserves ratio for attracted funds in MDL and in non-convertible currency from 22% to 20% of the calculation base starting from November 16, 2025. At the same time, the required reserves ratio for attracted funds in freely convertible currency will also be reduced from 31% to 29%.
By taking the decision on simultaneous reduction of the required reserves norms in Moldovan lei and in freely convertible currency, the NBM aims at satisfying the liquidity needs of the banking system and reducing the cost of crediting, stimulating consumption and investments, the regulator said in a statement. At the same time, the NBM hopes that financial institutions will react accordingly to the reduction of interest rates on the money, deposit and credit markets.
Thus, the central bank continues the easing policy by adjusting the reserved funds on the financial market. The relevant decision was made taking into account the current forecasts of annual inflation, which shows a downward trend. Presumably – until the middle of next year. After that, it will be relatively stable, remaining near the target inflation rate until the end of the forecast period.
