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You are here: Home»World»Business & Economy»Belarus inflation slowed down in Feb to 1.5pc m/m

barlusMINSK: 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


 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln