{"id":144112,"date":"2025-06-25T18:17:51","date_gmt":"2025-06-25T15:17:51","guid":{"rendered":"https:\/\/pozirk.online\/en\/news\/144112\/"},"modified":"2026-03-09T20:10:49","modified_gmt":"2026-03-09T20:10:49","slug":"refinance-rate-rise-long-overdue-analyst","status":"publish","type":"articles","link":"https:\/\/pozirk.online\/en\/news\/144112\/","title":{"rendered":"Refinance rate rise long overdue \u2013 analyst"},"content":{"rendered":"\n<p><strong>June 25, <em>Pozirk<\/em>.<\/strong> The decision by the National Bank of Belarus (NBB) to raise the base refinance rate\u2014at which banks can borrow in order to maintain their reserve levels\u2014from 9.5 to 9.75 percent on June 25 is an economically justified yet belated measure, Anatol Charyton\u010dyk, senior researcher with the BEROC think tank, has told journalists.<\/p>\n\n\n\n<p>A response to overheating and inflationary pressure, the move should have been made in the second half of 2023, he noted.<\/p>\n\n\n\n<p>He warned that the rise is not enough. Given high inflation \u2013 which could reach 9 percent by the end of 2025 \u2013 the rate might have effectively declined in real terms.<\/p>\n\n\n\n<p>Inflation \u201cis about to test the limits of excessively soft economic policy, which the authorities are willing to allow as a short-term stimulus of economic growth,\u201d he added.<\/p>\n\n\n\n<p>The NBB cut the refinance rate from 9.75 to 9.5 percent two years ago.<\/p>\n\n\n\n<div class=\"insert-block\">\n\n    <div class=\"insert-block__img\">\n        <img decoding=\"async\" width=\"354\" height=\"236\" src=\"https:\/\/pozirk.online\/wp-content\/uploads\/2025\/06\/nazbank_soyuz_by-354x236.jpg\" class=\"attachment-medium size-medium\" alt=\"\" srcset=\"https:\/\/pozirk.online\/wp-content\/uploads\/2025\/06\/nazbank_soyuz_by-354x236.jpg 354w, https:\/\/pozirk.online\/wp-content\/uploads\/2025\/06\/nazbank_soyuz_by-734x490.jpg 734w, https:\/\/pozirk.online\/wp-content\/uploads\/2025\/06\/nazbank_soyuz_by-178x118.jpg 178w, https:\/\/pozirk.online\/wp-content\/uploads\/2025\/06\/nazbank_soyuz_by-768x512.jpg 768w, https:\/\/pozirk.online\/wp-content\/uploads\/2025\/06\/nazbank_soyuz_by.jpg 1000w\" sizes=\"(max-width: 354px) 100vw, 354px\" \/>                        <label class=\"insert-block__tag--mobile\"> Economy<\/label>\n\n                <\/div>\n    <div class=\"insert-block__text\">\n                    <label class=\"insert-block__tag\">Economy<\/label>\n                <h3 class=\"insert-block__title\">Central bank to raise base refinance rate citing high inflation<\/h3>\n        <div class=\"insert-block__descr\">June 23, Pozirk. Belarus\u2019 central bank will raise the base refinance rate from 9.5 percent to 9.75 percent, its board has announced.\u00a0It attributed the measure to high inflation and the need to stimulate investment. The country&#039;s consumer prices rose by &#8230;<\/div>\n        <a class=\"insert-block__btn-block\" href=\"\/en\/news\/143817\">\n            <button class=\"btn\">\n                <div class='btn__text'>Read <\/div>\n            <\/button>\n        <\/a>\n    <\/div>\n<\/div>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>June 25, Pozirk. The decision by the National Bank of Belarus (NBB) to raise the base refinance rate\u2014at which banks can borrow in order to maintain their reserve levels\u2014from 9.5 to 9.75 percent on June 25 is an economically justified yet belated measure, Anatol Charyton\u010dyk, senior researcher with the BEROC think tank, has told journalists. [&hellip;]<\/p>\n","protected":false},"author":83,"featured_media":143787,"template":"","rubric":[17],"class_list":["post-144112","articles","type-articles","status-publish","has-post-thumbnail","hentry","rubric-economy"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Refinance rate rise long overdue \u2013 analyst | Pozirk<\/title>\n<meta name=\"description\" content=\"June 25, Pozirk. 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