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

Period 2017 2018 2019 2020 2021
January 17.55 11 10 9 7.75
February 16.5 10.73 10 8.91 7.75
January – February 17.05 10.87 10 8.95 7.75
March 15.45 10.5 10 8.75 7.75
January – March 16.5 10.74 10 8.88 7.75
April 14.6 10.5 10 8.75 8
January – April 16.03 10.68 10 8.85 7.81
May 14 10.5 10 8.46 8.5
January – May 15.61 10.65 10 8.77 7.95
June 13.43 10.43 10 8 8.5
April – June 14.01 10.48 10 8.4 8.34
January – June 15.25 10.61 10 8.64 8.04
July 12.58 10 10 7.75 8.77
January – July 14.86 10.52 10 8.51 8.15
August 12 10 9.71 7.75 9.25
January – August 14.49 10.45 9.96 8.42 8.29
September 11.7 10 9.5 7.75
July – September 12.1 10 9.74 7.75
January – September 14.19 10.4 9.91 8.34
October 11.27 10 9.5 7.75
January – October 13.89 10.36 9.87 8.28
November 11 10 9.32 7.75
January – November 13.63 10.33 9.82 8.24
December 11 10 9 7.75
October – December 11.09 10 9.27 7.75
January – December 13.41 10.3 9.75 8.19
* Calculated as average arithmetic weighted value (over the duration period – the calendar number of days).