The National Bank of the Republic of Belarus lowered its refinancing rate by 50 bps to 9 percent on November 6th, saying inflationary pressures continued to slow down in the third quarter of 2019. In September, the annual inflation rate was 5.3 percent and in line with the CB predictions while the Board expected inflation to be near 5 percent at the end of the year and during 2020. Also, the overnight loan rate and the overnight deposit rate were cut to 10 percent and to 8 percent, respectively. Interest Rate in Belarus averaged 47.23 percent from 1991 until 2020, reaching an all time high of 480 percent in November of 1994 and a record low of 9 percent in November of 2019. source: National Bank of the Republic of Belarus
Interest Rate in Belarus is expected to be 9.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Belarus to stand at 9.00 in 12 months time. In the long-term, the Belarus Interest Rate is projected to trend around 8.50 percent in 2020, according to our econometric models.