Belarus’ central bank to consider lowering refinancing rate in June

The board of the Belarusian central bank discussed the results of the monetary policy in the first quarter of this year at a meeting on 7 May.

Dmitry Murin noted that the inflation is slowing down in the country, which provides additional arguments in favor of lowering the interest rates in the market.

“Moreover, we see that the fundamental economic factors that previously had a strong pro-inflationary impact both domestically and from abroad (primarily imported inflation) are gradually weakening. All this increases the likelihood that the board will consider a decision to reduce the refinancing rate in the coming months,” Dmitry Murin said.