Dynamics of the Average Refinance Rate of the National Bank of the Republic of Belarus*
| Period | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|---|---|---|---|---|
| January | 17.55 | 11 | 10 | 9 | 7.75 |
| February | 16.5 | 10.73 | 10 | 8.91 | 7.75 |
| January – February | 17.05 | 10.87 | 10 | 8.95 | 7.75 |
| March | 15.45 | 10.5 | 10 | 8.75 | |
| January – March | 16.5 | 10.74 | 10 | 8.88 | |
| April | 14.6 | 10.5 | 10 | 8.75 | |
| January – April | 16.03 | 10.68 | 10 | 8.85 | |
| May | 14 | 10.5 | 10 | 8.46 | |
| January – May | 15.61 | 10.65 | 10 | 8.77 | |
| June | 13.43 | 10.43 | 10 | 8 | |
| April – June | 14.01 | 10.48 | 10 | 8.4 | |
| January – June | 15.25 | 10.61 | 10 | 8.64 | |
| July | 12.58 | 10 | 10 | 7.75 | |
| January – July | 14.86 | 10.52 | 10 | 8.51 | |
| August | 12 | 10 | 9.71 | 7.75 | |
| January – August | 14.49 | 10.45 | 9.96 | 8.42 | |
| September | 11.7 | 10 | 9.5 | 7.75 | |
| July – September | 12.1 | 10 | 9.74 | 7.75 | |
| January – September | 14.19 | 10.4 | 9.91 | 8.34 | |
| October | 11.27 | 10 | 9.5 | 7.75 | |
| January – October | 13.89 | 10.36 | 9.87 | 8.28 | |
| November | 11 | 10 | 9.32 | 7.75 | |
| January – November | 13.63 | 10.33 | 9.82 | 8.24 | |
| December | 11 | 10 | 9 | 7.75 | |
| October – December | 11.09 | 10 | 9.27 | 7.75 | |
| January – December | 13.41 | 10.3 | 9.75 | 8.19 |
* Calculated as average arithmetic weighted value (over the duration period – the calendar number of days).