{"id":23499,"date":"2011-08-30T04:38:00","date_gmt":"2011-08-30T08:38:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=db2f7a127bf120d2fa68f597496d674d"},"modified":"2011-08-30T04:38:00","modified_gmt":"2011-08-30T08:38:00","slug":"belarus-central-bank-hikes-rate-500bps-to-27-00","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/08\/30\/belarus-central-bank-hikes-rate-500bps-to-27-00\/","title":{"rendered":"Belarus Central Bank Hikes Rate 500bps to 27.00%"},"content":{"rendered":"<div class=\"separator\" style=\"clear: both; text-align: center;\"><a href=\"http:\/\/1.bp.blogspot.com\/-dKzjpq3WcvM\/TlyiPzjB65I\/AAAAAAAAAFc\/O2ndLpdarOM\/s1600\/Belarus-30-8-11.jpg\" imageanchor=\"1\" style=\"clear: left; float: left; margin-bottom: 1em; margin-right: 1em;\"><img decoding=\"async\" border=\"0\" src=\"http:\/\/1.bp.blogspot.com\/-dKzjpq3WcvM\/TlyiPzjB65I\/AAAAAAAAAFc\/O2ndLpdarOM\/s1600\/Belarus-30-8-11.jpg\" \/><\/a><\/div>\n<p><span class=\"Apple-style-span\" style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span class=\"Apple-style-span\" style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">The&nbsp;<a href=\"http:\/\/www.nbrb.by\/engl\/\" style=\"color: #3778cd; text-decoration: none;\" >National Bank of the Republic of Belarus<\/a>&nbsp;will raise its refinancing rate by 500 basis points to 27.00% from 22.00% on the 1st of September, according to Belarusian news agency, <a href=\"http:\/\/naviny.by\/rubrics\/english\/2011\/08\/28\/ic_news_259_375119\/\">NAVINY.BY<\/a>. &nbsp;The move is aimed at tackling Belarus&#8217; high inflation levels, as the East European nation deals with its economic crisis. &nbsp;The Belarusian central bank last raised the <a href=\"http:\/\/www.centralbanknews.info\/2011\/08\/belarus-central-bank-hikes-rate-200bps.html\">refinancing rate<\/a> by 200bps to 22.00% on the 17th of August, when it noted: &#8220;Along with general economic measures undertaken by the government, this tightening will help stabilize the external economic situation and limit inflation,&#8221;. <\/span><\/span><br \/><a name='more'><\/a><span class=\"Apple-style-span\" style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span class=\"Apple-style-span\" style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><br \/><\/span><br \/><span class=\"Apple-style-span\" style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">The move will bring the total increase in the refinancing rate for 2011 to 1650 basis points (from 10.50%), the Bank previously also increased the interest rate by 200 basis points on the 13th of July, 22nd of June, and&nbsp;<a href=\"http:\/\/www.centralbanknews.info\/2011\/05\/belarus-central-bank-lifts-interest.html\" style=\"color: #3778cd; text-decoration: none;\">1st of June<\/a>.<\/span><span class=\"Apple-style-span\" style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">&nbsp; Belarus reported consumer price inflation of 36.2% in the year to June, according to the National Statistic Committee, meanwhile the government is forecasting 2011 inflation of as much as 39%. &nbsp;The USD-Belarussian ruble exchange rate has double on the black market, rising to as much as 7,000 per dollar (approx. 6,000 in July).<\/p>\n<p><a href=\"http:\/\/www.centralbanknews.info\/\" style=\"color: #3778cd; text-decoration: none;\">www.CentralBankNews.info<\/a><\/span><\/span> <\/p>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-6338825215043429500?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;National Bank of the Republic of Belarus&nbsp;will raise its refinancing rate by 500 basis points to 27.00% from 22.00% on the 1st of September, according to Belarusian news agency, NAVINY.BY. &nbsp;The move is aimed at tackling Belarus&#8217; high &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-23499","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=23499"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23499\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=23499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=23499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=23499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}