The national Bank kept the refinancing rate at 7.75%
The refinancing rate remains at 7.75%, BelTA learned from the national Bank's information and public relations Department.
"The refinancing rate and interest rates on the national Bank's liquidity regulation operations remain at the current level. The relevant decisions were made by the Board of the National Bank following the results of the additional meeting on monetary policy on October 14," the information and public relations Department reported.
Inflation has accelerated in recent months and is higher than expected. In September, the annual increase in consumer prices was 6.1%. "To a greater extent, this dynamics of inflation is due to an increase in prices for imported goods due to the weakening of the Belarusian ruble in August against the background of increased demand for foreign currency," the national Bank explained.
According to estimates, the increase in consumer prices for the current year will be about 6%. At the same time, the impact of the weakening of the Belarusian ruble will cause an increased inflationary background in the short term.
At the same time, in the medium term, the national Bank predicts the predominance of long-term disinflationary factors, which will contribute to the return of inflation to the target trajectory near 5%.
The next meeting of the National Bank's monetary policy Board is scheduled for November 11.