NBB maintains refinancing rate at 7.75% per annum
<p> MINSK, Nov 11 - PrimePress. The National Bank of Belarus (NBB) keeps the refinancing rate at 7.75% per annum; the rates on loans and overnight deposits at 8.75% and 6.75% per annum, respectively, as the NBB Board decided on November 11, 2020, says the bank’s press office. </p> <p> </p> <p> As previously reported, the NBB decided on October 14, 2020 to maintain the refinancing rate at the level of 7.75% per annum; the rates on overnight loans and deposits at 8.75% and 6.75% per annum, respectively. </p> <p> </p> <p> At the meeting on measures to support the real sector of the economy held on June 19, 2020, President of Belarus Alexander Lukashenko demanded that the National Bank ease monetary policy to ensure continued growth of lending to the economy and reduce the cost of loans. </p> <p> </p> <p> Previously, the National Bank lowered the refinancing rate on July 1, 2020 by 0.25 percentage points to 7.75% per annum; on May 20, 2020 – by 0.75 pp to 8% per annum; on February 19, 2020 – by 0.25 pp to 8.75% per annum; on November 20, 2019 – by 0.5 pp to 9% per annum; on August 14, 2019 – by 0.5 pp to 9.5% per annum; on June 27, 2018 – by 0.5 pp to 10% per annum; on February 14, 2018 – by 0.5 pp to 10.5% per annum. In 2017, the National Bank lowered the refinancing rate eight times by 7 pp in total to 11% per annum. End </p> <p> </p>
2020-11-12
Primepress
NBB maintains refinancing rate at 7.75% per annum
MINSK, Nov 11 - PrimePress. The National Bank of Belarus (NBB) keeps the refinancing rate at 7.75% per annum; the rates on loans and overnight deposits at 8.75% and 6.75% per annum, respectively, as the NBB Board decided on November 11, 2020, says the bank’s press office.
As previously reported, the NBB decided on October 14, 2020 to maintain the refinancing rate at the level of 7.75% per annum; the rates on overnight loans and deposits at 8.75% and 6.75% per annum, respectively.
At the meeting on measures to support the real sector of the economy held on June 19, 2020, President of Belarus Alexander Lukashenko demanded that the National Bank ease monetary policy to ensure continued growth of lending to the economy and reduce the cost of loans.
Previously, the National Bank lowered the refinancing rate on July 1, 2020 by 0.25 percentage points to 7.75% per annum; on May 20, 2020 – by 0.75 pp to 8% per annum; on February 19, 2020 – by 0.25 pp to 8.75% per annum; on November 20, 2019 – by 0.5 pp to 9% per annum; on August 14, 2019 – by 0.5 pp to 9.5% per annum; on June 27, 2018 – by 0.5 pp to 10% per annum; on February 14, 2018 – by 0.5 pp to 10.5% per annum. In 2017, the National Bank lowered the refinancing rate eight times by 7 pp in total to 11% per annum. End