Refinancing rate in Belarus down to 38% p.a.
MINSK, 1 March (BelTA) - The National Bank of the Republic of Belarus (NBRB) cuts the refinancing rate to 38% per annum, BelTA learnt from the bank’s information department.
“Taking into account the recent tendencies in the national economy, its financial sector and future projections, the NBRB Board has taken a decision to decrease the refinancing rate to 38% per annum on 1 March 2012,” the bank informed.
According to the NBRB, tightening of the monetary policy last year including by increasing the interest rates helped stabilize the situation in the country and create conditions for macroeconomic recovery. As a result, inflation has considerably slowed down in the recent months.
The present upward trend in fixed-time household deposits points to an improving saving process in the economy and higher trust to the banking system, the bank stressed. Positive changes are seen in the foreign trade as well.
To keep monetary stability in the country the central bank intends to continue flexible interest rate policies, take a timely response to the changing situation in the foreign trade, the real sector of the economy and financial markets.
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Vladimir Goshkis took part in the ceremony...
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GOMEL, 30 June (BelTA) – The industrial group Belorusneft should put more efforts into prospecting the areas of OAO Oil Company Yangpur (Belorusneft's division in Western Siberia) for oil deposits. The conclusion was made by Belorusneft technical and economic specialists at the June conference, the company's press service told BelTA.
It has been decided that the most promising structures of the...
GOMEL, 19 June (BelTA) - The Gomel and Vinnitsa regions have good potential for development of cooperation in mechanical engineering and agriculture. This announcement was made at a meeting between Gomel Oblast senior officials and a delegation of the Ukrainian region in Gomel, BelTA learnt from the press service of the Gomel Oblast Executive Committee. First, the issues were discussed in a o...
GOMEL, 17 June (BelTA) – The Belarusian industrial group Belorusneft intends to start extracting oil in Ecuador in 2014, BelTA learned from Andrei Bokhan, Head of the International Business Development Office of the company.
The company intends to pursue joint exploration of the existing oil field Armadillo using secondary and tertiary oil recovery enhancement methods.
“We hope that the cont...
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