11.03.2021, 10:43
Action or inaction of officials can cause a new round of devaluation and inflation.
On March 12, a meeting of the Board of the National Bank on monetary policy is to be held. In February, the decision of the NBRB on the size of the refinancing rate and rates on liquidity regulation operations was postponed to this date, the website banki24.by writes.
A month ago, the National Bank did not dare to raise rates, which is required by the situation with growing inflation and high inflationary expectations of enterprises and the population. The NBRB referred to the need for additional analysis of the forecast dynamics of consumer prices and assessment of the duration of the impact of key factors, which led to the acceleration of inflation.