NBB postpones session on refinancing rate till March 12, 2021
<p> MINSK, Feb 17 - PrimePress. The National Bank of Belarus (NBB) has postponed the session on the refinancing rate and the rates on permanently available liquidity regulation operations until March 12, 2021, following the meeting of the Board on monetary policy held on February 17, 2021, the NBB reports. </p> <p> </p> <p> The session was postponed, because additional analysis of the forecast dynamics of consumer prices and assessment of the duration of the impact of key factors that led to the acceleration of consumer price growth are required, reads the statement. </p> <p> </p> <p> As previously reported, during the sessions held on October 14 and November 11, 2020, the National Bank decided to keep the refinancing rate at 7.75% per annum and the rates on the credit and overnight deposit at 8.75% and 6.75% per annum, respectively. </p> <p> </p> <p> Last time, the NBB lowered the refinancing rate on July 1, 2020 by 0.25 percentage points to 7.75% per annum. Earlier, the refinancing rate was lowered on May 20, 2020 by 0.75 p.p. to 8% per annum; on February 19, 2020 by 0.25 p.p. to 8.75% per annum; on November 20, 2019 by 0.5 p.p. to 9% per annum; on August 14, 2019 by 0.5 p.p. to 9.5% per annum; on June 27, 2018 by 0.5 p.p. to 10% per annum; on February 14, 2018 by 0.5 p.p. to 10.5% per annum. In 2017, the National Bank lowered the refinancing rate eight times by 7 percentage points in total to 11% per annum. End </p>
2021-02-18
Primepress
NBB postpones session on refinancing rate till March 12, 2021
MINSK, Feb 17 - PrimePress. The National Bank of Belarus (NBB) has postponed the session on the refinancing rate and the rates on permanently available liquidity regulation operations until March 12, 2021, following the meeting of the Board on monetary policy held on February 17, 2021, the NBB reports.
The session was postponed, because additional analysis of the forecast dynamics of consumer prices and assessment of the duration of the impact of key factors that led to the acceleration of consumer price growth are required, reads the statement.
As previously reported, during the sessions held on October 14 and November 11, 2020, the National Bank decided to keep the refinancing rate at 7.75% per annum and the rates on the credit and overnight deposit at 8.75% and 6.75% per annum, respectively.
Last time, the NBB lowered the refinancing rate on July 1, 2020 by 0.25 percentage points to 7.75% per annum. Earlier, the refinancing rate was lowered on May 20, 2020 by 0.75 p.p. to 8% per annum; on February 19, 2020 by 0.25 p.p. to 8.75% per annum; on November 20, 2019 by 0.5 p.p. to 9% per annum; on August 14, 2019 by 0.5 p.p. to 9.5% per annum; on June 27, 2018 by 0.5 p.p. to 10% per annum; on February 14, 2018 by 0.5 p.p. to 10.5% per annum. In 2017, the National Bank lowered the refinancing rate eight times by 7 percentage points in total to 11% per annum. End