A record low inflation gives the National Bank a chance to further reduce the refinancing rate. But the rate of reduction will not be as fast as before.
Sergey Kalechits, Deputy Chairman of the Board of the National Bank of Belarus:
"Of course, there are still opportunities to consider the issue of lowering the rate. But we must take into account that this year we made a few steps in this direction and there was an active reduction."
During the year, the refinancing rate decreased 7 times. The last drop was fixed last week.
