Belarusian refinancing rate continues to decrease

Belarusian refinancing rate continues to decrease

On June 21, 2023, the Board of the National Bank of Belarus decided to decrease the refinancing rate from 9,75% to 9,5% per annum (p.a.). We remind you that in March 2023 the rate was 11% p.a. and has been decreasing monthly since.

For reference: the refinancing rate affects the rates on loans, deposits and the interbank market.

Additionally, the National Bank lowered the overnight credit rate from 10,75 % to 10,5 % p.a. and the overnight deposit rate from 8,75 % to 8,5 % p.a.

You can read the National Bank's press release at the following link: https://www.nbrb.by/press/14451.

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