Belarusian banks offer higher rates on short-term deposits

Belarusian banks started offering higher rates on short-term deposits, the National Bank states. The regulator explained this trend by the need to adequately cover the liquidity deficit. At the same time, deposits drag down interest rates on loans. In general, the National Bank called the situation in the banking system stable. It is largely provided by irrevocable deposits. Their introduction solved the problem of both the foreign exchange market and the "equilibrium" of the Belarusian banks.