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Weekly Lists
May 3, 2019 www.intellinews.com I Page 29
bne:Credit Belarus avoids talks
with IMF over new loan
Belarus is not going to take any additional steps in cooperation with the International Monetary Fund (IMF), Dmitry Kalechits, Deputy Chairman of the Board of the National Bank of Belarus (NBB) told journalists on April 26.
"We will see how the situation evolves. We have a large set of issues in terms of technical assistance. We will work with them in the area of monetary policy,” state news agency BELTA quoted him as saying.
Kalechits added that a new programme with the multinational lender an be under discussion but the procedure is a lengthy process.
"We should discuss this issues, find points of convergence in the views on the development of the economy and understanding of risks, and also the measures to promote the development,” he said.
Turkey’s central bank has left its end-2019 consumer price index
(CPI) inflation forecast unchanged at 14.6%. The national lender an- nounced the decision on April 30 in its second inflation report for 2019.
Relaying further details of its latest inflation forecast, the central bank said there was a 70% probability that inflation would be between 12.1% and 17.1% (with a mid-point of 14.6%) at end-2019. The range stood between 11.9% and 17.3% (with a mid-point of 14.6%) in the previous inflation report released in January.
Meanwhile, the regulator hiked its food inflation estimate for end- 2019 to 16% from the previous 13%, while its average oil price estimate was revised up to $67.2 per barrel from $63.1.
Azerbaijan’s central bank cut its refinancing rate to 8.75% from 9% on April 26 pointing to the country’s improved macroeconomic situation and higher oil prices.
The regulator also lowered its rate corridor by the same margin, taking the lower boundary down to 6.75% and the upper boundary down to 10.75%, from 7% and 11% before, respectively.
“The central bank decided to cut the rate... due to the rising oil price on the world market as well as the observation of a low inflation rate and improved macroeconomic situation in the country,” governor Elman Rustamov told reporters, according to Reuters.
Turkey’s central bank sticks to inflation target, sheds no
light on FX reserves mystery
Azerbaijan’s refinancing rate cut
to 8.75% from 9% on better macroeconomic situation and higher oil