Refinancing rate to be reduced to 18% per annum from 17 August

05.08.2016
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.
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