OREANDA-NEWS On 07 October was announced, that the National Bank of Belarus (NBB) plans to reduce the refinancing rate to 9%-12% from 14% currently by late 2010. This information said NBB Governor Petr Prokopovich during presentation of the draft monetary guidelines for 2010.

“The interest rate policy will be aimed at gradually reducing loan and deposit rates,” Prokopovich said.

According to him, loan rates are expected down to 12%-15% by the end of 2010.