OREANDA-NEWS. In December this year, the National Bank’s refinance rate will remain at the level of 20% per annum. The corresponding decision was made on December 12, 2014 at the meeting of the Board of the National Bank of the Republic of Belarus.

Against the background of the continuing slowing-down of inflationary processes (in November 2014 the CPI (in annual terms) totaled 118.3% compared with 119.4% in October 2014) the maintenance of the current level of interest rate will contribute to further decrease in the consumer prices growth rates and maintenance of stability in the foreign exchange and deposit markets, assuring attractive terms for saving in Belarusian rubles.

The National Bank will continue to implement the monetary policy aimed at constraining inflationary processes and maintaining financial stability.