Following the decision to raise the Central Bank’s key rate by 0.75 percentage point to 7%, taken by the Executive Board of the bank on Tuesday, May 17, the overnight money market rate (MMR) rose on Wednesday, in turn, to 7%.
The concern of the BCT to preserve the purchasing power of citizens motivates a proactive action through the tightening of monetary policy based on the interest rate as a privileged instrument for a better allocation of financial resources.
It should be recalled that the average money market rate in April was 6.26%.
