The National Bank of the Republic of Belarus kept its refinancing rate unchanged at a record low of 7.75 percent on November 11th 2020. Policymakers noted that annual inflation rate ticked up to 6.2 percent in October, moving away from the central bank’s target of 5 percent, but attributed it to temporary factors such as the Belarusian rouble's weakening in August. Inflation is seen slowing to around 6 percent at the end of 2020, before reaching 5% by the end of 2021. The bank also said that the economy is expected to start recovering from the second semester of 2021, while ruling out any rate cuts for now. The overnight credit rate and the overnight deposit rate were also left unchanged at 8.75 percent and 6.75 percent, respectively. source: National Bank of the Republic of Belarus
Interest Rate in Belarus averaged 46.26 percent from 1991 until 2020, reaching an all time high of 480 percent in November of 1994 and a record low of 7.75 percent in June of 2020. This page provides the latest reported value for - Belarus Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Belarus Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Interest Rate in Belarus is expected to be 7.75 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 7.75 in 12 months time. In the long-term, the Belarus Interest Rate is projected to trend around 7.75 percent in 2021 and 8.50 percent in 2022, according to our econometric models.