The National Bank of Moldova left its benchmark interest rate unchanged at 9 percent at its March 2017 meeting, mentioning external and internal risks to inflation including rising international food prices, uncertainties over oil and natural gas prices, high liquidity in the money market and the impact of tax changes. The central bank targets inflation at 5% ± 1.5 percentage points and expects it to reach 5.7 percent in 2017. Annual inflation rate increased to 4.7 percent in February from 3 percent in the previous month. The overnight deposit and credit rates were also kept on hold at 6 percent and 12 percent, respectively. Meantime, the reserves ratio from financial means attracted in leu and non-convertible currency was raised by 200 bps to 37 percent. Interest Rate in Moldova averaged 11.09 percent from 2001 until 2017, reaching an all time high of 21 percent in January of 2001 and a record low of 3.50 percent in April of 2013.
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In Moldova, interest rate decisions are taken by the National Bank of Moldova. The official interest rate is the base rate. This page provides the latest reported value for – Moldova Interest Rate – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Moldova Interest Rate – actual data, historical chart and calendar of releases – was last updated on March of 2017.