OREANDA-NEWS. The National Bank of Belarus (NBB) will keep reducing interests to get market instruments synchronized with the process of economic stabilization, the NBB said in a release following the latest expanded meeting of the NBB Board.

A slowdown in inflation growth amid stability on the domestic foreign exchange market and the market of bank deposits enabled the National Bank to reduce the refinancing rate by three percentage points to 27% per annum.

At the same time, the refinancing rate is low enough to make credit resources affordable for entities, but still above the rate of inflation growth to stimulate ruble deposits, the NBB said.