Dynamics of the Average Refinance Rate of the National Bank of the Republic of Belarus*
| Period | 2015 | 2016 | 2017 | 2018 | 2019 |
|---|---|---|---|---|---|
| January | 23.71 | 25 | 17.55 | 11 | 10 |
| February | 25 | 25 | 16.5 | 10.73 | 10 |
| January – February | 24.32 | 25 | 17.05 | 10.87 | 10 |
| March | 25 | 25 | 15.45 | 10.5 | 10 |
| January – March | 24.56 | 25 | 16.5 | 10.74 | 10 |
| April | 25 | 24 | 14.6 | 10.5 | 10 |
| January – April | 24.67 | 24.75 | 16.03 | 10.68 | 10 |
| May | 25 | 22 | 14 | 10.5 | 10 |
| January – May | 24.74 | 24.19 | 15.61 | 10.65 | 10 |
| June | 25 | 22 | 13.43 | 10.43 | 10 |
| April – June | 25 | 22.66 | 14.01 | 10.48 | 10 |
| January – June | 24.78 | 23.83 | 15.25 | 10.61 | 10 |
| July | 25 | 20 | 12.58 | 10 | 10 |
| January – July | 24.81 | 23.27 | 14.86 | 10.52 | 10 |
| August | 25 | 19.03 | 12 | 10 | 9.71 |
| January – August | 24.84 | 22.73 | 14.49 | 10.45 | 9.96 |
| September | 25 | 18 | 11.7 | 10 | 9.5 |
| July – September | 25 | 19.02 | 12.1 | 10 | 9.74 |
| January – September | 24.85 | 22.22 | 14.19 | 10.4 | 9.91 |
| October | 25 | 18 | 11.27 | 10 | 9.5 |
| January – October | 24.87 | 21.79 | 13.89 | 10.36 | 9.87 |
| November | 25 | 18 | 11 | 10 | 9.32 |
| January – November | 24.88 | 21.45 | 13.63 | 10.33 | 9.82 |
| December | 25 | 18 | 11 | 10 | 9 |
| October – December | 25 | 18 | 11.09 | 10 | 9.27 |
| January – December | 24.89 | 21.16 | 13.41 | 10.3 | 9.75 |
* Calculated as average arithmetic weighted value (over the duration period – the calendar number of days).