Moldova central bank cuts main interest rates

Moldova's central bank said on Thursday it had cut its main interest rate for short-term and medium-term credit to 27.5% from 28.5% with immediate effect.

The central bank said in a statement published in the official gazette Monitorul Oficial it had also lowered the rate for long-term credits to 15% from 16.5%. The central bank last cut its short-term and medium-term rate, and the long-term rate on October 27.

The rate on short-term loans for up to one year and medium-term credits for up to fi