The National Bank of Belarus plans to reduce the refinancing rate by 1-2 percentage points monthly

April 4, Raubichi / Olga Belyavskaya - BELTA /. The National Bank plans to reduce the refinancing rate by 1-2 percentage points per month, said today at a press conference, Chairman of the Board of the National Bank of Belarus Nadezhda Yermakova, reports BELTA correspondent. "The refinancing rate will be reduced by 1-2 percentage points per month to reach the planned level of 19-22% by the end of the year," said Nadezhda Yermakova. The head of the National Bank explained that the pace of reduction of the refinancing rate, in accordance with international recommendations, is determined taking into account the inflation rate calculated for 6 months. "Three months have already passed, and in another 3 months we will reach inflation that is closer to real life, and based on this, we will determine the refinancing rate," explained Nadezhda Yermakova. "It should be slightly higher than the inflation rate - by 2-3-5 percentage points." In case of inflation growth, regardless of monetary factors, under the influence of administrative price increases, the National Bank reserves the right to increase the refinancing rate. "But based on today's forecast and taking into account that we have to equalize prices for certain goods with our partners in the Single Economic Space one way or another, we see that the rate will decrease," she stressed. At the same time, Nadezhda Yermakova did not rule out that by July 1, the refinancing rate could be reduced to 30-32% per annum. "This may happen if there are no disruptions," she summarized. -0-