The National Bank has announced that as of today, the refinancing rate has been reduced by 0.5% and now stands at 11.5%.
This year, it is the seventh time that the key rate is decreased. During this time, it has gone down 6.5%.
The decrease in the refinancing rate translates into cheaper loans for individuals and businesses. According to the National Bank, such a decision became possible due to stability on the financial market. The inflation continues to decrease as well. In August, the annual increase in consumer prices stood at just below 6%, the basic inflation was about 5%.
