20 Apr 2011 14:39

Nat'l Bank of Belarus ups refi rate to 13% from 12%

MINSK. April 20 (Interfax) - The National Bank of Belarus (NBB) raised its key refinancing rate to 13% from 12% effective April 20, the NBB says on its website.

Overnight and overnight swap rates for banks rise to 19% from 18%. The rate on overnight deposits rises to 8% from 7%.

Fixed-rate lombard credit rates rise from 18% to 19%.

Inflation accelerated to 13.9% in annual terms in March, due to higher gasoline and food prices.