The Board of the Belarusian National Bank adopted a decision to reduce refinancing rates from June 27, 2018 from the current 10,5% to 10,0% per annum, rates for constantly available and bilateral liquidity support operations – from 11,75% to 11,5%, according to the press release issued by the regulator. It is worth noting, that within the country’s history this is the minimum level of the rate, which operated two periods in 2006 – early 2008. The current level of the rate, 10,5%, is in effect from February 14. “Annual inflation slows down. The forecast of the development of the economic situation, foreign trade, the currency and deposit markets indicates that the monetary conditions being formed will ensure the presence of inflation within the framework of the target parameters,” reads the Bank’s press release.

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