The National Bank of the Republic of Belarus lifted its refinancing rate by 275bps to 12% on February 28th 2022, in order to maintain financial stability and limit risks of rising inflation in light of sanctions imposed against its neighbour Russia. The annual inflation rate quickened to a three-month high of 10.4% in January, remaining well above the central bank’s target of 5%. source: National Bank of the Republic of Belarus
Interest Rate in Belarus averaged 44.85 percent from 1991 until 2021, 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 July of 2022.
Interest Rate in Belarus is expected to be 12.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belarus Interest Rate is projected to trend around 8.00 percent in 2023 and 7.00 percent in 2024, according to our econometric models.