Belarus cuts rates amid systemic risk fears
Belarus's central bank has cut its policy rate for the fifth time in a year, announced measures to guard against foreign-denominated loan risk, and issued a guardedly hopeful statement on economic prospects. A recent assessment by the International Monetary Fund (IMF) said Belarus suffered from "elevated" economic vulnerabilities.
The National Bank of the Republic of Belarus said in an announcement on January 4 that its refinancing rate would fall from 18% to 17%, with effect from January 18
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