Refinancing rate of the National Bank of Belarus till the end of the year may drop to 18 percent per annum, this was stated today by the chairman of the National Bank of Belarus Nadezhda Ermakova. Last time it went down in May by 1 percentage point to 21.5% per annum. Financial Regulator intends to continue its policy of gradual reduction of interest rates in the economy while maintaining a high level of yield on ruble deposits.
As for inflation, its level for the current year is expected to be around 16-17 percent.
State system aims to motivate a person to self-accumulation of funds for acquiring housing. Thus, the housing construction savings include two steps: saving money and taking a loan. First, a person accumulates not less than 25 percent of the total planned investment for the construction or purchase of housing in a special bank deposit. After that the bank provides a loan of up to 75 percent of the same amount on more favorable terms compared with current loan conditions.
