Business news

National Bank to reduce refinance rate from 14% to 13.5%

MINSK, 23 November (BelTA) – The National Bank of Belarus decided to reduce the refinance rate by 0.5% to 13.5% since 1 December 2009 (Decree No 187 of 20 November 2009), BelTA learnt from the information administration of the National Bank.

The press release of the National Bank says that such step was caused by the sustainable decrease of the inflation rate, the stable situation on the domestic currency market and a number of other positive trends in the Belarusian economy.

Apart from that, this step was facilitated by the pursued interest and stock market policy. Together with other monetary tools it has positively influenced the attractiveness of ruble savings of the citizens and preservation of people’s confidence to the Belarusian ruble.

The National Bank will keep supporting the high attractiveness of ruble deposits and providing the availability of loans for persons and companies. 

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