The refinancing rate is again reduced in Belarus. From March 15, it becomes 15%.
This is the third decline in the interest rate since January 2017. Thus, the National Bank notes the stability of the foreign exchange market of Belarus.
It is expected that loans will become cheaper in the future. Furthermore, deposits denominated in Belarusian rubles may become more attractive.
It should be noted that last time the exchange was at 15% back in 2005.