It was the eighth time for the National Bank of Belarus in 2017 to cut its refinancing rate - this time to 11 percent from 11.5 percent. The decision was taken by the central bank's board on 27 September after the quarterly meeting.
The key interest rate went from 18% to 17% per annum on 18 January, from 17% to 16% on 15 February, from 16% to 15% on 15 March, from 15% to 14% on 19 April, from 14% to 13% on 14 June, from 13% to 12% on 19 July, and was lowered to 11.5% per annum on 13 September, BELTA reminds.