The National Bank of the Republic of Belarus cut its refinancing rate by 50bps to 9.25% on June 1st 2026, bringing it back to its 2021 level as it continued a gradual easing cycle that resumed after a prolonged period of policy stability. The rate had previously been held at 9.75% following an earlier hike to 12% in 2022 after the start of Russia’s full-scale invasion of Ukraine and the subsequent sanctions shock. The central bank also reduced standard risk values for loans and deposits, another instrument used to influence credit conditions across the economy. source: National Bank of the Republic of Belarus
The benchmark interest rate in Belarus was last recorded at 9.75 percent. Interest Rate in Belarus averaged 40.41 percent from 1991 until 2026, reaching an all time high of 480.00 percent in November of 1994 and a record low of 7.75 percent in June of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on July of 2026.
The benchmark interest rate in Belarus was last recorded at 9.75 percent. Interest Rate in Belarus is expected to be 9.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Belarus Interest Rate is projected to trend around 8.00 percent in 2027, according to our econometric models.