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.