Since the 13-th of September, the refinancing rate in Belarus goes 0.5% down again. According to the decision of the Board of the National bank, in makes now 11.5% per annum. This has been the 7-th reduction since the beginning of the year. Over the time, it has gone 6.5% down. Reduction of refinancing rate makes the loans for enterprises and private persons cheaper. The decision is explained by stability in the market an reduction of factual inflation.