The average annual refinancing rate in Belarus will be 9-10%

The National Bank predicts the average annual value of the refinancing rate in the range of 9-10% per annum, BELTA writes

In 2022, the rate policy will continue focusing on maintaining financial market interest rates at a positive level in real terms. It is possible that as inflation slows down and in the absence of new shocks in the economy, interest rates on the credit and deposit market will gradually decrease.

In 2021, the National Bank twice made decisions to raise the refinancing rate because of accelerating inflation. Since July 21, 2021, it has been set at 9.25% per annum and remains unchanged.

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Photo: ria.ru