Refinancing rate reduction will result in the decline in interest rates on loans in Belarusian rubles. Starting from 17 August, the refinancing rate will be reduced from 20% to 18% per annum, which may lead to a reduction in loan rates to 24%. This will help support small and large businesses.Today Belarus has all conditions for the refinancing rate to be reduced: the inflation rate within 12%, measures on restricting money supply in the market and macroeconomic stability.