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Belarus Interest Rate

Belarus's interest rate remained at 9.75% in August 2025, unchanged from July 2025. The National Bank of Belarus maintained this refinancing rate in August, citing rising inflation. The bank stated the rate was appropriate and would not be increased further, supporting stability through July and August. Annual inflation eased to 7.2% in August from 7.4% in July. Belarus's record low interest rate was 7.75% in June 2020 and record high was 25% in September 2015.

Historical Data (2015-2025)

(in %)
Date Interest Rate
Aug 31, 2025 9.75%
Jul 31, 2025 9.75%
Jun 25, 2025 9.75%
May 31, 2025 9.5%
Apr 30, 2025 9.5%
Mar 31, 2025 9.5%
Feb 28, 2025 9.5%
Jan 31, 2025 9.5%
Dec 31, 2024 9.5%
Nov 30, 2024 9.5%
Oct 31, 2024 9.5%
Sep 30, 2024 9.5%
Aug 31, 2024 9.5%
Jul 31, 2024 9.5%
Jun 30, 2024 9.5%
May 31, 2024 9.5%
Apr 30, 2024 9.5%
Mar 31, 2024 9.5%
Feb 29, 2024 9.5%
Jan 31, 2024 9.5%
Dec 31, 2023 9.5%
Nov 30, 2023 9.5%
Oct 31, 2023 9.5%
Sep 30, 2023 9.5%
Aug 31, 2023 9.5%
Jul 31, 2023 9.5%
Jun 21, 2023 9.5%
May 31, 2023 9.75%
May 02, 2023 10%
Apr 03, 2023 10.5%
Mar 01, 2023 11%
Feb 28, 2023 11.5%
Jan 18, 2023 11.5%
Dec 31, 2022 12%
Nov 30, 2022 12%
Oct 31, 2022 12%
Sep 30, 2022 12%
Aug 31, 2022 12%
Jul 31, 2022 12%
Jun 30, 2022 12%
May 31, 2022 12%
Apr 30, 2022 12%
Mar 01, 2022 12%
Feb 28, 2022 9.25%
Jan 31, 2022 9.25%
Dec 31, 2021 9.25%
Nov 30, 2021 9.25%
Oct 31, 2021 9.25%
Sep 30, 2021 9.25%
Aug 31, 2021 9.25%
Jul 21, 2021 9.25%
Jun 30, 2021 8.5%
May 31, 2021 8.5%
Apr 14, 2021 8.5%
Mar 12, 2021 7.75%
Feb 28, 2021 7.75%
Jan 31, 2021 7.75%
Dec 31, 2020 7.75%
Nov 11, 2020 7.75%
Oct 14, 2020 7.75%
Sep 30, 2020 7.75%
Aug 12, 2020 7.75%
Jul 31, 2020 7.75%
Jun 22, 2020 7.75%
May 13, 2020 8%
Apr 30, 2020 8.75%
Mar 31, 2020 8.75%
Feb 12, 2020 8.75%
Jan 31, 2020 9%
Dec 31, 2019 9%
Nov 06, 2019 9%
Oct 31, 2019 9.5%
Sep 30, 2019 9.5%
Aug 07, 2019 9.5%
Jul 31, 2019 10%
Jun 30, 2019 10%
May 03, 2019 10%
Apr 30, 2019 10%
Mar 31, 2019 10%
Feb 06, 2019 10%
Jan 31, 2019 10%
Dec 19, 2018 10%
Nov 30, 2018 10%
Oct 31, 2018 10%
Sep 19, 2018 10%
Aug 31, 2018 10%
Jul 31, 2018 10%
Jun 27, 2018 10%
May 31, 2018 10.5%
Apr 30, 2018 10.5%
Mar 31, 2018 10.5%
Feb 28, 2018 10.5%
Jan 31, 2018 10.5%
Dec 31, 2017 11%
Nov 30, 2017 11%
Oct 18, 2017 11%
Sep 13, 2017 11.5%
Aug 31, 2017 12%
Jul 19, 2017 12%
Jun 14, 2017 13%
May 31, 2017 14%
Apr 19, 2017 14%
Mar 15, 2017 15%
Feb 15, 2017 16%
Jan 18, 2017 17%
Dec 31, 2016 18%
Nov 30, 2016 18%
Oct 31, 2016 18%
Sep 30, 2016 18%
Aug 17, 2016 18%
Jul 01, 2016 20%
Jun 30, 2016 22%
May 31, 2016 22%
Apr 25, 2016 22%
Apr 01, 2016 24%
Mar 31, 2016 25%
Feb 29, 2016 25%
Jan 31, 2016 25%
Dec 31, 2015 25%
Nov 30, 2015 25%
Oct 31, 2015 25%
Sep 30, 2015 25%
Belarus Interest Rate : Definition
The Interest Rate set by the National Bank of the Republic of Belarus is the benchmark cost of borrowing in the economy. It influences lending, spending, investment, inflation, and overall financial stability.
Indicator Last Value Prior Value Period
Private Credit (% GDP) 29.17% 32.51% 2021