National Bank takes steps towards supporting small businesses and large companies

10 августа 2016

The refinancing rate as a market indicator will result in the decline in interest rates on loans in Belarusian rubles, primarily for the real sector of the economy, the National Bank believes.

The real figure falls within 24% per annum. Starting from 17 August, the refinancing rate will be reduced from 20% to 18%. Interest rate policy changes are expected by real economy companies, especially export-oriented ones. However, no sharp reduction rate within 10% is expected in the second half of the year.

According to the National Bank, Belarus has all conditions for the refinancing rate to be reduced: the inflation rate within 12%, measures on restricting money supply in the market and macroeconomic stability.