Belarus to consider refi rate cut at end-Nov

MINSK, Nov 18 (Reuters) - Belarus will consider cutting its refinancing rate at the end of the month following talks with the International Monetary Fund (IMF), a central bank official told Reuters on Wednesday.

He could not confirm a report by the country's state news agency BelTA, which cited the bank's first deputy chairman Pavel Kallaur as saying the cut could amount to 50 basis points from 14 percent.

The IMF, which has granted Belarus a $3.5 billion stabilisation loan, has set a series of conditions for the country's monetary and fiscal policies for each tranche of the loan.

Belarus has already received $2.23 billion of the loan and expects to get the remaining funds by next summer.

According to the central bank's credit and monetary policy guidance, the refinancing rate next year should be set between 9-12 percent.

(Reporting by Andrei Makhovsky, Writing by Lidia Kelly, editing by Mike Peacock)


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