Dynamics of the Average Refinance Rate of the National Bank of the Republic of Belarus*

Period 2016 2017 2018 2019 2020
January 25 17.55 11 10 9
February 25 16.5 10.73 10 8.91
January – February 25 17.05 10.87 10 8.95
March 25 15.45 10.5 10 8.75
January – March 25 16.5 10.74 10 8.88
April 24 14.6 10.5 10 8.75
January – April 24.75 16.03 10.68 10 8.85
May 22 14 10.5 10
January – May 24.19 15.61 10.65 10
June 22 13.43 10.43 10
April – June 22.66 14.01 10.48 10
January – June 23.83 15.25 10.61 10
July 20 12.58 10 10
January – July 23.27 14.86 10.52 10
August 19.03 12 10 9.71
January – August 22.73 14.49 10.45 9.96
September 18 11.7 10 9.5
July – September 19.02 12.1 10 9.74
January – September 22.22 14.19 10.4 9.91
October 18 11.27 10 9.5
January – October 21.79 13.89 10.36 9.87
November 18 11 10 9.32
January – November 21.45 13.63 10.33 9.82
December 18 11 10 9
October – December 18 11.09 10 9.27
January – December 21.16 13.41 10.3 9.75
* Calculated as average arithmetic weighted value (over the duration period – the calendar number of days).