Base rate in Belarus rose to 297 – Economy | BelarusVC
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Base rate in Belarus rose to 297

The National Bank raised the benchmark for banks starting January 1

Starting January 1, 2024, the base rate in Belarus increased to 297 Belarusian rubles (Br297). This decision by the International Bank was made at the meeting of the management board of the National Bank. The new rate serves as a benchmark for commercial banks when calculating loan and deposit rates.

Context

The base rate serves as a key benchmark for credit and deposit products of all banks, influencing the level of interest rates in the country's economy.

Summary:

The National Bank of Belarus raised the base rate to 297 rubles from January 1, 2024.