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Belarus' central bank urged to reduce refinancing rate

MINSK (BelTA) – Belarus President Aleksandr Lukashenko asked the National Bank of the Republic of Belarus (NBRB) to look into reducing the refinancing rate as he took part in a meeting to discuss support measures for the real economic sector on the part of the banking system, BelTA has learned.

The president pointed out that the prime minister and the NBRB head are responsible for the growth in GDP and people's income, price regulation. “Starting from today, the chairman of the National Bank will be the main aide to the prime minister for the issues of salaries and performance of enterprises,” Aleksandr Lukashenko added.

“Also turn your attention, please, to the refinancing rate,” the head of state noted. “All countries are actively reducing it in a bid to revive their economies. The consumer price index is within the social and economic development forecast, this is why we should work harder to make bank loans cheaper. I will be waiting for the decisions from the government and the National Bank. Please, do not delay this. Do this till the end of June,” he stressed.