monetary policy

The Executive Committee of the National Bank at the first meeting this year, dedicated to updating the monetary policy, decided to reduce the mandatory reserve requirement on attracted funds in MDL and non-convertible currency by 2 percentage points (from 20% to 18%) and on attracted resources in freely convertible currency by 3 p.p. (from 29% to 26%). At the same time leaving the level of the prime rate unchanged – 5% per annum.

The IMF sees no room for further easing of monetary policy under the current conditions of rising core inflation, urging the National Bank to be cautious, Logos Press reports.