Off the wire
• Outgoing Chinese Ambassador pledges to lure more Chinese to Cambodia  • Vietnamese agriculture officials censored, disciplined for granting fake fertilizer certificates  • Chinese Vice Premier Liu visits Olympic delegation  • Gou Hongguo gets suspended sentence for state subversion  • Argentina, Brazil agriculture ministers stress solidarity  • Senior Chinese diplomat visiting Turkey  • South American trade bloc divided over Venezuela's presidency  • Tokyo shares close higher by break on BOE stimulus plan  • Brazil's former nuclear head sentenced to 43 years in prison for corruption  • Singapore forms new independent bureau to investigate air, marine accidents  
You are here: 　 Home

Belarus cuts refinancing rate to 18 pct

Xinhua, August 5, 2016 Adjust font size:

Belarus will reduce its refinancing rate by two percentage points to 18 percent as from Aug. 17, more than one month after it cut the rate from 22 to 20 percent, the central bank said Thursday.

The interest rate on standing operations designed to maintain the current liquidity of Belarusian banks will be reduced from 25 to 23 percent, a statement from the central bank said.

The central bank said it made the decision after reviewing the dynamics of inflation, the treasury balance and the currency and financial markets of the country.

The central bank considers the lower interest rates will improve the ability of nonfinancial organizations to honor their credit commitments to banks, thus reducing financial risks. Endi