Belarus central bank cuts key rate to 24%

By bne IntelliNews April 1, 2016

The National Bank of Belarus (NBB) reduced its refinancing rate by 1 percentage point to 24% per annum on April 1.

According to the regulator, the move is a part of efforts aimed specifically at a "reduction of the amount of risk premium in the value of credits, as well as ensuing from analysis of current risks". The NBB said it will continue its policy designed to reduce the amount of risk premium in the ruble credits value within the first half of the year.

At the same time, further concrete measures in this area will be implemented based on the analysis of the current macroeconomic risks and impact of decision already taken on the economy, the NBB underlined.

The country remains wracked by the economic slowdown in neighbouring Russia, its key trading partner. The GDP of Belarus dropped 4% y/y in January-February, while industrial output declined by 5.6%.

Related Articles

Belarus grants visa-free five-day entry to citizens of 80 countries

Belarus has removed visa requirements for citizens of 80 countries visiting the republic for up to five days via its main airport in Minsk, officials in the capital said on January 9. The move ... more

Head of Belarus' largest bank dismissed amidst corruption scandal

Sergei Pisarik has been dismissed from his post of chairman of the board at the largest bank in Belarus, state-owned Belarusbank, the lender's media office reported on December 21. ... more

No growth for Belarus in 2017 and 1.1% in 2018, says World Bank

Belarus’ economy will continue to contract in 2017 before returning to 1.1% growth in 2018, the World Bank's economist for the republic said on December 12, ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss