Refinancing rate reduction to help cheapen loans

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.