National Bank of the Republic of Belarus
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Refinancing Rate Valid since* Value of base refinancing rate (discount rate), % per annum 2010 17.02.2010    13** 2009 01.12.2009 13.5 08.01.2009 14 2008 17.12.2008 12 12.11.2008 11 15.10.2008 10.75 13.08.2008 10.5 01.07.2008 10.25 2007 01.10.2007 10 01.09.2007 10.25 01.08.2007 10.5 01.07.2007 10.75 01.02.2007 11 2006 01.12.2006 10 01.06.2006 10.5 2005 25.11.2005 11 20.07.2005 12 01.06.2005 13 05.05.2005 14 06.04.2005 15 10.03.2005 16 2004 20.09.2004 17 23.08.2004 18 19.07.2004 19 17.06.2004 20 17.05.2004 22 17.04.2004 23 17.03.2004 25 17.02.2004 27 2003 22.10.2003 28 22.09.2003 29 18.08.2003 30 17.07.2003 31 23.06.2003 33 21.05.2003 34 21.04.2003 35 21.03.2003 37 2002 21.11.2002 38 21.10.2002 39 19.09.2002 40 19.08.2002 42 19.07.2002 44 17.06.2002 46 21.05.2002 50 15.04.2002 55 15.03.2002 60 15.01.2002 66 2001 21.09.2001 48 09.07.2001 50 21.06.2001 55 04.06.2001 60 21.05.2001 64 21.04.2001 68 21.03.2001 70 21.02.2001 75 Notes: * – later value of refinancing rate cancels the previous one; ** – currently in force. Valid since* Value of base refinancing rate (discount rate), % per annum 2000 01.12.2000 80 14.09.2000 85 22.06.2000 90 22.05.2000 100 20.04.2000 110 28.03.2000 130 15.03.2000 150 21.02.2000 175 25.01.2000 150 10.01.2000 130 1999 14.12.1999 120 25.11.1999 110 01.04.1999 90 02.03.1999 82 20.01.1999 60 1998 01.12.1998 48 01.08.1998 38 07.05.1998 40 01.04.1998 44 19.02.1998 50 1997 01.12.1997 40 20.09.1997 36 20.08.1997 38 25.02.1997 42 1996 02.09.1996 35 21.03.1996 55 1995 21.08.1995 66 21.06.1995 96 22.05.1995 144 05.05.1995 180 21.02.1995 300 1994 20.12.1994 480 10.10.1994 300 1993 10.11.1993 210 15.10.1993 180 12.08.1993 170 20.07.1993 140 10.07.1993 120 01.06.1993 100 20.04.1993 70 10.03.1993 60 1992 15.06.1992 30 28.01.1992 20 1991 01.07.1991 12

© National Bank, Republic of Belarus, 2000–2009