MINSK, 15 April (BelTA) - The refinancing rate increase is aimed at curbing inflation in the country, Chairman of the Board of the National Bank of the Republic of Belarus Pavel Kallaur told a press conference on 15 April, BelTA has learned.
“Yesterday we made a decision to raise the refinancing rate by 75 basis points [up to 8.5%]. This decision, along with other measures, is aimed at controlling inflation,” said Pavel Kallaur.
In his words, the acceleration of inflation has been observed since late last year. As of late March, the consumer price index stood at 8.5% in annual terms.
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