Belarus:
Belarusian Refinancing Rate Continues To Decrease
28 June 2023
GRATA International
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>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.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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