The benchmark interest rate in Belarus was last recorded at 9.25 percent. source: National Bank of the Republic of Belarus

Interest Rate in Belarus averaged 45.04 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 December of 2021.

Interest Rate in Belarus is expected to be 9.75 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 10.00 percent in 2022, according to our econometric models.

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Belarus Interest Rate


Calendar GMT Actual Previous Consensus TEForecast
2020-10-14 09:00 AM 7.75% 7.75% 7.75%
2020-11-11 09:00 AM 7.75% 7.75% 7.5%
2021-03-12 09:00 AM 7.75% 7.75% 7.75%


Related Last Previous Unit Reference
Interest Rate 9.25 9.25 percent Oct/21
Money Supply M1 10905.34 11078.59 BYN Million Oct/21
Money Supply M0 4564.13 4522.89 BYN Million Oct/21
Money Supply M2 22616.60 23328.58 BYN Million Oct/21
Money Supply M3 49440.60 50803.30 BYN Million Oct/21
Foreign Exchange Reserves 8549.70 8459.90 USD Million Nov/21
Deposit Interest Rate 8.25 8.25 percent Oct/21
Lending Rate 10.25 10.25 percent Oct/21
Cash Reserve Ratio 4.00 4.00 percent Aug/21
Banks Balance Sheet 86886591.00 88295181.00 BYN Thousand Jun/21

News Stream
Belarus Hikes Rate to 8.5% for 1st Time since 2015
The National Bank of the Republic of Belarus raised its refinancing rate by 75bps from a record low to 8.5 percent during its April 2021 meeting, the first rate hike since 2015 in order to limit inflation. The annual inflation rate edged down to 8.5 percent in March from an over 4-year high of 8.7 percent in February, remaining well above the central bank’s target of 5 percent. Policymakers expect inflation to continue to slow down and from the second quarter of 2022 it is estimated at the level of the medium-term target. The overnight credit rate and the overnight deposit rate were also increased by 75bps to 9.5 percent and 7.5 percent, respectively. The central bank canceled the schedule of monetary policy meetings for 2021 during its March meeting, and are now only convened when considered necessary.
2021-04-14
Belarus Keeps Interest Rate at 7.75%
The National Bank of the Republic of Belarus kept its refinancing rate unchanged at a record low of 7.75 percent on March 12th 2021. In February, the annual inflation rate was at 8.7 percent, further away from the central bank’s target of 5 percent by the end of the year. In order to limit inflation, the bank said it will adopt measures aimed at the control of the monetary base and broad money supply. The overnight credit rate and the overnight deposit rate were also left unchanged at 8.75 percent and 6.75 percent, respectively. Policymakers canceled the schedule of monetary policy meetings for 2021, which will now only be convened when considered necessary.
2021-03-12

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.