Media reports on Russian ships call into Ceuta are controversial — embassyRussian Politics & Diplomacy October 26, 22:03
Russia’s telecom watchdog tries to block LinkedIn through courtSociety & Culture October 26, 21:29
DPR envoy reports no constructive discussion on "Steinmeier formula" in MinskWorld October 26, 21:14
Six NATO countries say ready to dispatch their forces to Black Sea areaWorld October 26, 20:43
Moscow refutes allegations about plans for Russian cruiser's call into Spanish portMilitary & Defense October 26, 20:38
US, Israel abstain from UN GA vote condemning Cuba embargoWorld October 26, 20:31
Western sanctions expected to relax gradually in 2017 — ex-finance ministerBusiness & Economy October 26, 20:25
Mark Zuckerberg, Bill Gates intend to see battle for world’s chess crown — FIDE chiefSport October 26, 20:24
Mi-8 helicopter lost in Russia's Yamal was running out of fuel — IACWorld October 26, 20:20
MINSK, December 26 (Itar-Tass) —— The Chairperson of the Board of the National Bank of Belarus, Nadezhda Yermakova is confident that it is rather realistic to maintain the republic’s average refinancing rate within 15-16 percent per annum, as it was planned for 2013.
“As for the targeted level of the refinancing rate for 2013, it is rather realistic, if the inflation processes continue slowing down, the situation on the currency market remains stable both abroad and in the republic’s macroeconomic sector,” Yermakova told on-line conference on Wednesday.
“In order to achieve the goal in 2013, the National Bank will use all its instruments of the monetary and credit policy,” she said.
Yermakova also said that the refinancing rate, which now amounts to 30 percent per annum, will remain unchanged before the end of this year.
Besides, the National Bank’s head promised that there will be no jumps in the Belarusian rouble exchange rate in 2013. “Herewith, I should repeat that the exchange rate is formed proceeding from the sales of foreign currencies on the domestic market,” she noted, adding, “With this in mind, everyone should agree with the fact that a certain variability of the exchange rate is a normal market’s process.”
Touching upon the republic’s inflation forecasts for the next year, Yermakova predicted the year-to year decline up to 12 percent. “The National Bank’s monetary and credit policy and the government’s economic policy will be aimed at the achievement of this goal,” she said.
As of the end of November 2012, Belarus’ inflation exceeded 20 percent. In 2011, the republic’s consumer prices for goods and services more than doubled.