Belarus cuts rates amid systemic risk fears
Central bank says measures will be taken to guard against foreign loan risk
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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