The National Bank of the Republic of Belarus lifted its refinancing rate by 275bps to 12% on February 28th 2022, in order to maintain financial stability and limit risks of rising inflation in light of sanctions imposed against its neighbour Russia. The annual inflation rate quickened to a three-month high of 10.4% in January, remaining well above the central bank’s target of 5%. source: National Bank of the Republic of Belarus

Interest Rate in Belarus averaged 44.85 percent from 1991 until 2021, reaching an all time high of 480 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 June of 2022.

Interest Rate in Belarus is expected to be 12.00 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 2023 and 7.00 percent in 2024, according to our econometric models.

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Belarus Interest Rate

Calendar GMT Actual Previous Consensus TEForecast
2020-11-11 09:00 AM 7.75% 7.75% 7.5%
2021-03-12 09:00 AM 7.75% 7.75% 7.75%
2022-02-28 08:10 AM 12% 9.25%

Related Last Previous Unit Reference
Interest Rate 12.00 12.00 percent May 2022
Money Supply M1 11947.28 12683.23 BYN Million Jan 2022
Money Supply M0 4673.44 4720.42 BYN Million Jan 2022
Money Supply M2 23826.22 24934.10 BYN Million Jan 2022
Money Supply M3 53281.10 54351.44 BYN Million Jan 2022
Foreign Exchange Reserves 7571.70 8264.60 USD Million Apr 2022
Deposit Interest Rate 8.25 8.25 percent Dec 2021
Cash Reserve Ratio 4.00 4.00 percent Jan 2022
Lending Rate 10.25 10.25 percent Dec 2021
Banks Balance Sheet 88403340.00 86886591.00 BYN Thousand Sep 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
12.00 12.00 480.00 7.75 1991 - 2022 percent Daily