Starting with May 20, refinancing rate amounts to 8%

National Bank reduces the refinancing rate. From this day, it drops to a record-low of 8% per annum. The regulator approved this figure last week, down 0.75% from the previous level. The acceleration of inflation, which primarily affects this decision, the National Bank called a temporary phenomenon. Its annual pace will slow down by the beginning of next year, and will not exceed 5 points. Key rate cuts are good news for borrowers. It directly influences on the cost of loans, including those for the real sector. Loans will become more affordable. Now it is an important factor in supporting enterprises.