Refinancing rate in Belarus brought down to 24%

Belarus reduced the refinancing rate by 1 point, which is now 24% per year. The level of refinancing rate directly affects the cost of credit resources, as well as the size of interest rates on deposits. The main criterion for its reduction is the rate of inflation, it should not exceed 12% this year. The changes will pertain only to deposits under 12 months. Only the interest, but not the entire deposit will be subjected to taxation.