National Bank of Belarus reduced the refinancing rate to 10%

The National Bank of Belarus has lowered the refinancing rate from 10.5% to 10% per annum from June 27, the bank's information and public relations department reported. The rates for constantly available and bilateral liquidity support operations have been reduced from 11.75% to 11.5% per annum. The decline in rates is due to a slowdown in country's inflation. The National Bank of Belarus lowered the inflation forecast for 2018 to 5.5% from the expected 6%. In the message of the regulator it is said that “in the second half of 2018 there is expected a certain increase in inflation, taking into account the weaker disinflationary influence of the domestic economy, as well as a possible increase in regulated prices.”

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