Refinancing rate in Belarus is reduced today for the fourth time since the beginning of the year. Now it went down from 15 to 14% per annum. A spokesman for the National bank said, the decision on further rates reduction had been taken by the bank's board in connection with slowing down of the inflation rate and positive tendencies in the currency and deposit market. Taking this into account, the National bank admits of possible further reductions of refinancing rates this year.