Belarus reduces refinancing rate

On March 1, the refinancing rate in Belarus will be 11% per annum. This decision was made by the Board of the National Bank. The last time the regulator changed the rate was a month ago. The main condition for the decline is a steady slowdown in inflation. This contributes to maintaining the inflow of ruble funds into the banking system of our country. According to forecasts, annual inflation will fall to single digits by the end of the first quarter.