May 4, 2015 / 8:47 AM / 4 years ago

Moldova c.bank says to raise reserve requirement for banks to restrain inflation

CHISINAU, May 4 (Reuters) - Moldova’s central bank on Monday said it would raise the mandatory reserve requirement for commercial banks by 2 percentage points to 20 percent to keep inflation in check, central bank Governor Dorin Dragutanu said.

Dragutanu told Reuters the measure, which will come into force for a month from June 8, was aimed at keeping inflation within the bank’s target range of 1.5 percentage points either side of 5 percent. (Reporting by Alexander Tanas; Writing by Alexander Winning; Editing by Richard Balmforth and Robin Pomeroy)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below