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. Interest Rate in Belarus averaged 48 percent from 1991 until 2019, reaching an all time high of 480 percent in November of 1994 and a record low of 10 percent in December of 2006.
Interest Rate in Belarus is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Belarus to stand at 9.00 in 12 months time. In the long-term, the Belarus Interest Rate is projected to trend around 10.00 percent in 2020, according to our econometric models.