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

Period 2014 2015 2016 2017 2018
January 23.5 23.71 25 17.55 11
February 23.5 25 25 16.5 10.73
January – February 23.5 24.32 25 17.05 10.87
March 23.5 25 25 15.45 10.5
January – March 23.5 24.56 25 16.5 10.74
April 23 25 24 14.6 10.5
January – April 23.38 24.67 24.75 16.03 10.68
May 22.08 25 22 14 10.5
January – May 23.11 24.74 24.19 15.61 10.65
June 21.5 25 22 13.43 10.43
April – June 22.19 25 22.66 14.01 10.48
January – June 22.84 24.78 23.83 15.25 10.61
July 20.98 25 20 12.58 10
January – July 22.57 24.81 23.27 14.86 10.52
August 20.19 25 19.03 12 10
January – August 22.27 24.84 22.73 14.49 10.45
September 20 25 18 11.7
July – September 20.4 25 19.02 12.1
January – September 22.02 24.85 22.22 14.19
October 20 25 18 11.27
January – October 21.81 24.87 21.79 13.89
November 20 25 18 11
January – November 21.65 24.88 21.45 13.63
December 20 25 18 11
October – December 20 25 18 11.09
January – December 21.51 24.89 21.16 13.41
* Calculated as average arithmetic weighted value (over the duration period – the calendar number of days).