Belarus Central Bank Increases Rate 500bps to 40.00%

The National Bank of the Republic of Belarus raised its refinancing rate by 500 basis points to 40.00% from 35.00%. The Bank said [translated]: "Another increase in the refinancing rate and interest rates on liquidity management operation is a sequential step to curb inflation and stabilize the economy and financial sector in general. Dunn's measure will also support renewed growth in...