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