RESOLUTION OF ADMINISTRATIVE BOARD OF NATIONAL BANK OF THE REPUBLIC OF MOLDOVA

of May 23, 2008 No. 95

About the level of interest rates of National Bank of Moldova

Based on article 26 of the Law on National Bank of Moldova N 548-XIII of July 21, 1995 (Monitorul Oficial al Republicii Moldova, 1995, N 56-57, Art. 624) and according to monetary and monetarist policies of National Bank of Moldova for 2008 (Monitorul Oficial al Republicii Moldova, 2007, N 203-206, Art. 762), considering evolution of cash and macroeconomic indicators, including the rate of inflation, Administrative board of National Bank of Moldova DECIDES:

1. To establish the basic rate applied on the main short-term transactions of monetary management in the amount of % per annum 18,5.

2. Establish the following interest rates:

on overnight credits in the amount of % per annum 21,0;

on deposits of overnight in the amount of % per annum 2,0.

3. The basic rate on long-term loans (over 5 years) is established in the amount of % per annum 10,5.

4. The interest rates established in Items 1, 2 and 3, are applied from the date of entry into force of this resolution about day of entry into force of new rates.

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