Belarus National Bank projects inflation rate within 5-6% at year-end

The National Bank of Belarus projects the inflation rate to be within 5-6% at the year-end, Chairman of the Board of the National Bank of the Republic of Belarus (NBRB) Pavel Kallaur said. Earlier, at the meeting to discuss the monetary policy the Board of the National Bank decided to reduce the refinancing rate to a record low of 8% on 20 May. According to experts Economists the step will help Belarusian exporters and producers. Meanwhile, Belarus and the International Monetary Fund (IMF) continue talks on rapid financing. Belarus may claim the equivalent of roughly $900 million.