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12 February 2020, 16:57

Refinancing rate down to 8.75% per annum in Belarus

Refinancing rate down to 8.75% per annum in Belarus

The refinancing rate will go down from 9% to 8.75% on 19 February. The overnight lending rate will be cut from 10% to 9.75% per annum and the overnight deposit rate from 8% to 7.75% per annum.

The last time the refinancing rate was reduced in Belarus was 20 November 2019.

The refinancing rate:

15.02.2017 - 16%

15.03.2017 - 15%

19.04.2017 - 14%

14.06.2017 - 13%

19.07.2017 - 12%

13.09.2017 – 11.5%

18.10.2017 - 11%

14.02.2018 - 10,5%

27.06.2018 - 10%

14.08.2019 - 9,5%

20.11.2019 - 9%.

The refinance rate is the rate of the National Bank of the Republic of Belarus which is a basic instrument of regulating interest rates in the money market and is the basis for setting interest rates on the operations involving liquidity provision to banks.

Source: The National Bank of the Republic of Belarus

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