Belarussian presidential decree sets out 2014 forward guidance


The National Bank of the Republic of Belarus (NBRB) has announced the planned level for its refinancing rate for the whole of 2014 in a presidential edict, which also set the target rate for annual consumer price inflation at 11% by the end of the year.

The ‘guidelines for monetary policy', which say the refi rate will average between 14% and 16% throughout 2014, have been issued alongside a notice from the central bank promising that its conduct of monetary policy "will remain rigorous" through

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