National Bank of Belarus raises discount rate to 8.5%

The National Bank of Belarus raised the refinancing rate to 8.5% from 7.75% per annum, Report informs, citing the statement published following the April 14 meeting of the Board of the National Bank on monetary policy.

“From April 21, 2021, the refinancing rate will be 8.5% per annum, the overnight loan rate - 9.5% per annum, the overnight deposit rate - 7.5% per annum”, the statement reads.