Refinancing rate reduced in Belarus

Starting today, the refinancing rate will be reduced by 2 points to 18% per annum. The National Bank"s decision was based on inflation dynamics, payment balance and the situation in the foreign exchange market. Lower interest rates will improve the ability of non-financial organisations to fulfill credit obligations towards banks. According to an expert, According to experts, in June, inflation inBelarusslowed down to 12% on a year-on-year basis.