Bielorrusia - Tasa de Interés

The National Bank of the Republic of Belarus lowered its refinancing rate by 50bps to 9.5 percent on August 8th, in line with reaching inflation target for 2019. Also, the overnight loan rate and the overnight deposit rate were decreased 25bps to 10.75 percent and to 8.25 percent, respectively. The Bank also noted that inflationary processes slowed down in the second quarter of 2019.

The National Bank of Belarus left its refinancing rate unchanged at 10 percent on May 3rd 2019, aiming to slow down inflation. In March, the annual inflation rate went down to 5.8 percent from 6.2 percent in February, but was still above the central bank's target of 5 percent.

The National Bank of Belarus left its refinancing rate unchanged at 10 percent on 6th February, 2019, saying the current monetary policy stance supports achieving the inflation target of 5 percent in 2019. In December, annual inflation rate rose to 5.6 percent from 5 percent in November, the highest level since September of 2018. At the same time, the overnight loan rate was left at 11.5 percent while the overnight deposit rate was raised by 50bps from 8 percent to 8.5 percent to reduce volatility of interest rates in the credit and deposit market.