The National Bank of the Republic of Belarus has reduced the refinancing rate by 2 points. Now it stands at 20% per annum. The interest rates on loans, which commercial banks lend to the individuals and companies, have been reduced respectively. According to experts, first of all, the decision was caused by a slowdown of inflationary processes. This is the third decline since the beginning of the year. In total, the refinancing rate has been reduced by 5 percentage points.