Economy

National Bank Head: No Point to Change Refinance Rate Now

The National Bank of Belarus (NBB) sees no point in changing its base refinance rate in the short run, NBB head Nadzieja Jermakova told reporters in Minsk on November 21.

The base refinance rate was last changed in September, when it was lowered to 30 percent. “Today there is a situation where we have no possibility to lower it further,” Jermakova stressed.

The official announced that the rate would not be changed in November and the possibility of changes to it afterward would depend on the economic situation.

Inflation is currently within the limits set by the government, but changing the base refinance rate today will not influence loan and deposit interest rates, Jermakova said. “That's why it makes no sense to change it now,” she added.

The NBB has reduced the refinance rate eight times this year: from 45 to 43 percent on February 15, to 38 percent on March 1, to 36 percent on April 2, to 34 percent on May 16, to 32 percent on June 20, to 31 percent on July 18, to 30.5 percent on August 15 and to 30 percent on September 12.

Comments

1xBet hosts thousands of fake matches, including in Belarus. They earn astronomical sums8

1xBet hosts thousands of fake matches, including in Belarus. They earn astronomical sums

All news →
All news

Belarus–EU Relations to Be Discussed in Brussels Next Week

Baltic Countries’ Economy Threatened by Re-Direction of Belarusian Oil Export

Belarus Offers India Hrodna Azot6

EU to Grant Nobel €930k to Children Affected by War, Conflicts1

Charter’97 Retouches Photo of Lukashenka to Make Him Look Worse53

Ambassador Leszek Szerepka: Poland Doesn’t Fund Opposition, It Supports Belarus’ Civil Society9

Children Commemorate Fellow Killed in Traffic Accident Bringing Toys5

Russian Energy Minister: Belarus to Pay for Shadow Export of Oil Returning Gasoline to Russia11

Cuba Praises Belarus’ Support of Anti-USA Resolution in UN

больш чытаных навін
больш лайканых навін

1xBet hosts thousands of fake matches, including in Belarus. They earn astronomical sums8

1xBet hosts thousands of fake matches, including in Belarus. They earn astronomical sums

Main
All news →

Заўвага:

 

 

 

 

Закрыць Паведаміць