National Bank of Belarus to decide on refinancing rate

Today, the National Bank of Belarus will decide on further changes to the refinancing rate. Yesterday, the Bank’s management noted bringing it further down is not impossible, so by late 2018 it can reach its all-time low of 10%. The most solid argument for lowering the rate is the low level of inflation. It is expected that this year it will not exceed 6%.

The refinancing rate in Belarus has been declining for the third year in a row now. Today it is 10.5%. The last time the National Bank refinanced loans at such a rate was 8 years ago.