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Belarus lowers refinancing rate to 18% per annum

On August 17 the National Bank of Belarus reduced the refinancing rate by 2 points. Now the figure is 18%.

The financial institution noted that this decision was influenced by the slowdown in inflation.

It should be noted that the refinancing rate declined four times during 2016.

It is expected that this will be followed by decrease in loan rates. After all, rate of loans that individuals and legal entities can get depends on the size of the refinancing rate.

Belarus lowers refinancing rate to 18% per annum