Исследовательский Центр ИПМ
Kasrtyčnicki Ekanamičny Forum

Belarusian Monthly Economic Review, №4(127), April 2013

In last month and a half there was an uncertain situation in money and loan market. High real interest rates in national currency provided tangible growth acceleration of time ruble deposits. Hence, an adequate increase of credit supply by banks could be expected, leading to a sharp decline in interest rates on loan and deposit market. However, foreign currency segment of the loan market was the engine of credit growth recovery, despite huge amount of excessive ruble liquidity in the banking system. 

Other topics of the issue:

  • Search of new sources of borrowings.
  • Exports of capital goods to Russia are falling.
  • Consolidated revenues boosted.
  • Changes in activity of Development bank.