UPDATE 1-Belarus central bank to cut main interest rate to 10% from 10.5%

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Added context, quote) MOSCOW, April 26 (Reuters) - Belarus' central bank said on Wednesday it would reduce its main interest rate to 10%, effective from May 2, down from its current level of 10.5%. In a statement, the regulator said it had decided to lower the rate further after inflation slowed to 6% in April from 11.7% in the previous month.


The central bank predicted a continued fall in inflation, saying: "In the absence of shocks, low monthly growth rates of prices in the consumer market are expected to continue".
(Reporting by Reuters Editing by Gareth Jones)

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