12 Sep 2011 14:04

Nat'l Bank of Belarus raising refi rate to 30% on Sept 14

MINSK. Sept 12 (Interfax) - The National Bank of Belarus (NBB) has decided to raise its key refinancing rate 3 percentage points to 30% pa effective September 14.

"This measure is being introduced ahead of the commencement of the additional trading session on the Belarusian Currency and Stock Exchange and is a key element of general economic policy to stabilize the situation in the currency market and for the financial rejuvenation of the economy as a whole," the bank said in a statement.