{"id":170372,"date":"2020-05-11T18:55:33","date_gmt":"2020-05-11T22:55:33","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=170372"},"modified":"2020-05-11T18:39:46","modified_gmt":"2020-05-11T22:39:46","slug":"moldova-leaves-key-rates-steady-amid-disinflation","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/05\/moldova-leaves-key-rates-steady-amid-disinflation\/","title":{"rendered":"Moldova leaves key rates steady amid disinflation"},"content":{"rendered":"<div id=\"inves-3519268557\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">May 11, 2020<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.centralbanknews.info\/\"><u>CentralBankNews.info<\/u><\/a><\/p>\n<p>Moldova&#8217;s central bank left its main interest rate steady at what is said was a &#8220;stimulating&#8221; level that supports lending amid continued disinflationary pressures that has allowed monetary policy to support demand and ease the consequences of the coronavirus pandemic.<br \/>\nThe National Bank of Moldova&#8217;s (NBM) executive committee unanimously maintained the base rate at 3.25 percent along with the the rate on loans and overnight deposits at 6.25 percent and 0.25 percent, respectively.<br \/>\nNBM has lowered its policy rate twice this year by a total of 225 basis points, with the first cut on March 4 and then a second cut at an extraordinary meeting on March 20. On that day, it also lowered the reserve ratio on banks&#8217; domestic liabilities by 250 basis points.<br \/>\nSince December 2019, when NBM cut its rate by 200 basis point, the rate has been lowered by 4.25 percentage points.<br \/>\nThe central bank said it was continuing to monitor the macroeconomic situation caused by the Covid-19 pandemic and would maintain sufficient liquidity in the banking system without compromising its fundamental objective of price stability.<br \/>\nCurrently, there is an increased degree of uncertainty regarding the magnitude of the crises created by the virus, the subsequent economic recovery, and the evolution of commodity and energy prices.<br \/>\nInflation in Moldova eased to 5.25 percent in April from 5.9 percent in March, the fourth month in a row of deceleration from 7.5 percent in December 2019.<br \/>\nNBM targets inflation of 5.0 percent, plus\/minus 1.5 percentage points..<\/p>\n<p><a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By CentralBankNews.info Moldova&#8217;s central bank left its main interest rate steady at what is said was a &#8220;stimulating&#8221; level that supports lending amid continued disinflationary pressures that has allowed monetary policy to support demand and ease the consequences of the coronavirus pandemic. The National Bank of Moldova&#8217;s (NBM) executive committee unanimously maintained the base rate [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-170372","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=170372"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170372\/revisions"}],"predecessor-version":[{"id":170378,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170372\/revisions\/170378"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=170372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=170372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=170372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}