BELARUS NEWS AND ANALYSIS

DATE:

10/11/2008

Belarus raises key rate to 11 pct as of Nov. 12

MINSK, Nov 10 (Reuters) - The Belarussian central bank has raised its key refinancing rate to 11 percent as of Nov. 12 from 10.75 percent, the bank said on Monday.

'Raising the interest rate, and therefore the corresponding deposit rate,

will stimulate savings in banks,' the central bank said in a statement.

'This, in turn, will have a positive effect on enlarging their resource base and the possibility of meeting the banking needs of people and firms.'

(Reporting by Andrei Makhovsky)

Source:

http://www.hemscott.com/news/static/tfn/item.do?newsId=70415988998173

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