The National Bank of the Republic of Belarus lowered its refinancing rate by 50bps to 9.5 percent on August 8th, in line with reaching inflation target for 2019. Also, the overnight loan rate and the overnight deposit rate were decreased 25bps to 10.75 percent and to 8.25 percent, respectively. The Bank also noted that inflationary processes slowed down in the second quarter of 2019. Interest Rate in Belarus averaged 47.78 percent from 1991 until 2019, reaching an all time high of 480 percent in November of 1994 and a record low of 9.50 percent in August of 2019.

Interest Rate in Belarus is expected to be 9.50 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.

Belarus Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-19 02:00 PM Interest Rate Decision 10% 10% 10%
2019-02-06 11:20 AM Interest Rate Decision 10% 10% 10%
2019-05-03 11:45 AM Interest Rate Decision 10% 10% 10%
2019-08-07 11:00 AM Interest Rate Decision 9.5% 10% 10%
2019-11-06 01:00 PM Interest Rate Decision 9.5% 9.5%


Belarus Money Last Previous Highest Lowest Unit
Interest Rate 9.50 10.00 480.00 9.50 percent [+]
Money Supply M0 3379.84 3267.91 3379.84 0.00 BYN Million [+]
Money Supply M1 8801.30 8546.09 8801.30 0.00 BYN Million [+]
Money Supply M2 18775.98 17876.71 18775.98 0.00 BYN Million [+]
Money Supply M3 44671.69 43547.82 44671.69 0.00 BYN Million [+]
Foreign Exchange Reserves 8891.00 8627.90 8891.00 399.70 USD Million [+]
Deposit Interest Rate 8.25 8.50 70.00 3.00 percent [+]
Lending Rate 11.50 11.50 110.00 11.50 percent [+]
Cash Reserve Ratio 4.00 4.00 16.00 4.00 percent [+]
Banks Balance Sheet 71443954.00 71802825.00 71802825.00 58869205.00 BYN Thousand [+]


Belarus Interest Rate

In Belarus, interest rate decisions are taken by the National Bank of the Republic of Belarus. The official interest rate is the refinancing rate. This page provides the latest reported value for - Belarus Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Belarus Interest Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
9.50 10.00 480.00 9.50 1991 - 2019 percent Daily




Country Last Previous
Argentina 82.79 Sep/19
Turkey 16.50 Sep/19
Mexico 8.00 Aug/19
Russia 7.00 Sep/19
South Africa 6.50 Sep/19
Brazil 5.50 Sep/19
India 5.40 Aug/19
Indonesia 5.25 Sep/19
China 4.20 Sep/19
Saudi Arabia 2.50 Sep/19
United States 2.00 Sep/19
Canada 1.75 Sep/19
Singapore 1.74 Aug/19
South Korea 1.50 Aug/19
Australia 1.00 Sep/19
United Kingdom 0.75 Sep/19
Euro Area 0.00 Sep/19
France 0.00 Sep/19
Germany 0.00 Sep/19
Italy 0.00 Sep/19
Netherlands 0.00 Sep/19
Spain 0.00 Sep/19
Japan -0.10 Sep/19
Switzerland -0.75 Sep/19


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