Defense chief names strategically important regions for RussiaRussian Politics & Diplomacy May 24, 10:29
Russian defense contractor develops domestic air traffic control systemMilitary & Defense May 24, 9:45
New radar system enters combat duty in Russia’s Far EastMilitary & Defense May 24, 9:24
Language quotas for Ukraine’s TV will only fuel tensions — media groupSociety & Culture May 24, 8:49
Syrian troops repel militant attack west of Palmyra — mediaWorld May 24, 8:08
Foreign businesses lack state guarantees for their investment in RussiaBusiness & Economy May 24, 7:55
Russian 'soldier of the future' combat gear tested in SyriaMilitary & Defense May 24, 6:41
London police say investigation into Manchester blast ‘fast-moving’World May 24, 5:21
Investigators release Gogol-Center artistic director after questioningSociety & Culture May 24, 2:32
MINSK, February 7 (Itar-Tass) — Belarussian President Alexander Lukashenko stressed the need for the country’s National Bank to start reducing its refinancing rate that makes up 45 percent.
“The country has very expensive credit resources,” he said at the meeting with the National Bank’s head, Nadezhda Yermakova, on Monday.
“Of course, the economy cannot stand such situation with loans for a long time, therefore the refinancing rate of the National Bank should gradually decrease,” Lukashenko said.
The head of state also focused attention on rational use of the monetary funds, and foreign exchange and gold reserves.
“As far as I know we had the time of no spending. On the contrary, our foreign exchange and gold reserves increased. We have opportunities to keep them growing. Another question emerges whether we need to keep extra money in reserves. The money should work in the economy. Nevertheless, we should have as much funds as necessary to prevent cataclysms in the future,” Lukashenko said.