{"id":543756,"date":"2026-05-20T11:14:56","date_gmt":"2026-05-20T08:14:56","guid":{"rendered":"https:\/\/reform.news\/?p=543756"},"modified":"2026-05-20T11:56:31","modified_gmt":"2026-05-20T08:56:31","slug":"national-bank-of-belarus-cuts-refinancing-rate-to-9-25-per-annum","status":"publish","type":"post","link":"https:\/\/reform.news\/en\/national-bank-of-belarus-cuts-refinancing-rate-to-9-25-per-annum","title":{"rendered":"National Bank of Belarus Cuts Refinancing Rate to 9.25% Per Annum"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n<p>The board of the National Bank of Belarus has decided to cut the refinancing rate by 0.5 percentage points. From June 1, it will stand at 9.25% per annum.<\/p>\n<p>The overnight lending rate will be reduced by the same amount. It will amount to 10.75% per annum.<\/p>\n<p>The refinancing rate affects borrowing costs in the economy as well as deposit rates.<\/p>\n<p>Speaking at the opening of today\u2019s meeting, National Bank Chairman <strong><b>Raman Halouchanka<\/b><\/strong> <a href=\"https:\/\/reform.news\/en\/national-bank-of-belarus-to-decide-on-refinancing-rate\">explained<\/a> the need to revise the rate by citing slowing inflation, the return of GDP growth and improving foreign trade dynamics.<\/p>\n<p>It should be noted that nearly a year ago the National Bank increased the refinancing rate by 0.25 percentage points to 9.75% per annum. The last time the rate stood at 9.25% per annum was in 2021.<\/p>\n<p>At the end of February 2022, following the start of Russia\u2019s full-scale war against Ukraine, the National Bank of Belarus raised the refinancing rate to 12% per annum. Beginning in January 2023, it started lowering the rate. The reductions continued until the summer of 2023, when the rate reached 9.5% per annum. After that, the indicator remained unchanged for two years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The board of the National Bank of Belarus has decided to cut the refinancing rate by 0.5 percentage points. From June 1, it will stand at 9.25% per annum. The overnight lending rate will be reduced by the same amount. It will amount to 10.75% per annum. The refinancing rate affects borrowing costs in the [&hellip;]<\/p>\n","protected":false},"author":119,"featured_media":506552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sharing_image":{"poster":"https:\/\/reform.news\/wp-content\/uploads\/2026\/05\/6a0d7742e7a75.jpg","width":1200,"height":630,"template":"691142dd","mode":"auto"},"_sharing_image_fieldset":{"dTVKfmI95PYT":"National Bank of Belarus Cuts Refinancing Rate to 9.25% Per Annum"},"footnotes":""},"categories":[142339,142338,143126],"tags":[],"class_list":["post-543756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main","category-news","category-business"],"wps_subtitle":"","_links":{"self":[{"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/posts\/543756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/users\/119"}],"replies":[{"embeddable":true,"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/comments?post=543756"}],"version-history":[{"count":0,"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/posts\/543756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/media\/506552"}],"wp:attachment":[{"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/media?parent=543756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/categories?post=543756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reform.news\/en\/wp-json\/wp\/v2\/tags?post=543756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}