BELARUS NEWS AND ANALYSIS

DATE:

29/10/2009

Belarus c.bank says expects to cut refi rate

MINSK, Oct 29 (Reuters) - The Belarussian central bank may cut its benchmark refinancing rate this year after a discussion with the International Monetary Fund (IMF) in November, the central bank's Chairman Pyotr Prokopovich said on Thursday.

"The refinancing rate may be cut already this year. In November we will hold consultations with the IMF mission and, possibly, will begin this process," Prokopovich said.

Currently the rate is at 14.00 percent

(Reporting by Andrei Makhovsky, Writing by Gleb Bryanski; editing by Toni Vorobyova

Source:

http://www.iii.co.uk/news/?type=afxnews&articleid=7599872&subject=economic&action=article

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