Sunday, 11 March 2012 16:27
MINSK: Belarus' consumer prices rose 1.5 percent in February, month-on-month, slowing down from a 1.9 percent increase in January, the country's statistics service said on Sunday.
In January-February inflation added 3.5 percent, also down from 4.2 percent seen the same period last year.
Following the financial crisis, last year the rouble lost two-thirds of its value against the dollar and inflation climbed above 100 percent, forcing the central bank to hike the refinancing rate to 45 percent to get a grip on prices.
In February, the central bank started to cut its refinancing rate in a move to gradually ease its lending policy, indicating that it believed the worst of the crisis was over.
Copyright Reuters, 2012