National Bank of Belarus to reduce refinancing rate

The refinancing rate is reduced to historical low. It will go down to 8.75% on February 19. The decision was made by the Board of the National Bank following today's meeting. The refinancing rate has been gradually reduced since 2015. The decision to lower the rate was made taking into account all factors and trends in the economy. Inflation is called the main indicator. Last year it was 4.7%.