OREANDA-NEWS. May 31, 2011. Such a decision the Bank administrative board adopted taking into account the country macroeconomic situation, trends and forecasts of macroeconomic indicators for the medium term, including the prospect of short-and medium-term inflation in the potential uncertainty and possible challenges. The Board of the National Bank also kept interest rates on overnight loans at 11% per annum on deposits overnight -5% per annum.

Decision of the National Bank will enter into force after publication in the Monitorul Oficial. As it is noted in the NBM, the decision to keep the base rate is aimed at containing inflationary expectations and to create optimal conditions for sustainability and stability of the banking and financial sector for the implementation of tasks outlined in the strategy of monetary policy of the National Bank for the medium term.

National Bank will continue ongoing monitoring of macroeconomic indicators and the situation in the monetary, foreign exchange and credit markets, and will promptly respond to all internal and external challenges. The next meeting of the NBM Board on monetary policy will be held on June 30.