Belarus' central bank reduced the refinancing rate by one percentage point from 15% to 14% per annum on 19 April.
It is the fourth time the National Bank has reduced the refinancing rate this year.
16.04.2014 – 22.5%
19.05.2014 – 21.5%
16.07.2014 – 20.5%
13.08.2014 - 20%
09.01.2015 - 25%
01.04.2016 - 24%
01.05.2016 - 22%
01.07.2016 - 20%
17.08.2016 - 18%
18.01.2017 - 17%
15.02.2017 - 16%
15.03.2017 - 15%.
Taking into account the future inflation dynamics and economic situation in the country, the National Bank leaves open the possibility of further gradual reduction of the refinancing rate this year.
Source: The National Bank of the Republic of Belarus