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  • NBM has raised the basic refinancing rate by 2%- from 15.5% to 17.5% p.a.

    2015-07-31

    The corresponding decision of the administrative Board was adopted at the meeting on Thursday. The National Bank also increased the rate on overnight loans by 2%– from 18.5% to 20.5% p.a. and the rate on overnight deposits from 12.5% to 14.5%. This decision is aimed at anchoring inflation expectations in the context of restoring and maintaining inflation close to the target of 5% for the medium term, with a possible deviation of ±1.5%.

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  • The risk of future liabilities of troubled banks because of the previously unregistered contracts is zero due to moratorium introduced by NBM

    2015-07-30

    At the same time, these risks may materialize, if these banks will not be liquidated. This is stated in the message of the national Bank, which provides answers to the questions to the leadership of the NBM raised earlier in one of the social networks by the financial economist Sviatoslav Mihalache. The NBM noted that all known and off-balance sheet liabilities of banks under the special Department of the NBM are recognized, measured and disclosed by the special administrators in accordance with international financial reporting standards and NBM regulations.

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