The National Bank of the Republic of Belarus lowered its refinancing rate by 50 bps to 9 percent on November 6th, saying inflationary pressures continued to slow down in the third quarter of 2019. In September, the annual inflation rate was 5.3 percent and in line with the CB predictions while the Board expected inflation to be near 5 percent at the end of the year and during 2020. Also, the overnight loan rate and the overnight deposit rate were cut to 10 percent and to 8 percent, respectively.

Interest Rate in Belarus averaged 47.23 percent from 1991 until 2020, reaching an all time high of 480 percent in November of 1994 and a record low of 9 percent in November of 2019. 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. source: National Bank of the Republic of Belarus

Interest Rate in Belarus is expected to be 9.00 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 8.50 percent in 2020, according to our econometric models.

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Belarus Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
9.00 9.00 480.00 9.00 1991 - 2020 percent Daily

Calendar GMT Actual Previous Consensus TEForecast
2019-02-06 11:20 AM Interest Rate Decision 10% 10% 10%
2019-05-03 11:45 AM Interest Rate Decision 10% 10% 10%
2019-08-07 11:00 AM Interest Rate Decision 9.5% 10% 10%
2019-11-06 11:00 AM Interest Rate Decision 9% 9.5% 9.5%
2020-02-12 11:00 AM Interest Rate Decision 9% 9%


News Stream
2019-08-07
Belarus Cuts Refinancing Rate to 9.5%
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.

2019-05-03
Belarus Holds Interest Rate Steady at 10%
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.

2019-02-06
Belarus Holds Interest Rate Steady at 10%
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.


Belarus Interest Rate
In Belarus, interest rate decisions are taken by the National Bank of the Republic of Belarus. The official interest rate is the refinancing rate.