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
October – December 25 18 11.09 10
January – December 24.89 21.16 13.41 10.3
* Calculated as average arithmetic weighted value (over the duration period – the calendar number of days).