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Belarus Inflation at Record Low

Belarus Inflation at Record LowBelarus Inflation at Record Low

Belarus inflation over the last nine months reached 2.7%. It was projected at 9% in the beginning of 2017. This is a record low in the history of the Belarus, Deputy Prime Minister Anatoly Kalinin noted at the joint session of the Belarusian Parliament on Friday, BelTA reported. He stressed that the domestic currency market is properly operating in Belarus and the loans for real economy continue getting cheaper. In September, the average annual interest rate on new loans reached 12.3% for legal entities and 12.1% for individuals. The refinancing rate was reduced to 11% the same month. “The trends remain positive in the main economic sectors, too. The industrial output increased by 6.1%. The production of vehicles, equipment, electronic devices and chemical products has also been growing. There has been progress in wood processing, metallurgy, pharmaceutics and light industry,” he said. The number of loss-making enterprises has dropped.

 

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