The National Bank will reduce the refinancing rate by 2 percentage points. From 17 August, it will amount to 18% per annum instead of the current 20%. Rates to support banks" current liquidity will be proportionally reduced from 25% to 23% per annum. In addition, the National Bank will reduce the norm for compulsory sale of foreign currency revenues for exporters from 30% to 20% from 1 September. This measure should intensify the investment and business activity ofBelarus" economic entities.
