Belarus Lending Rate
Lending interest rate FR.INR.LEND
Belarus's lending rate was 10.89% in 2025, ranked 39th globally. This represents a 9.0% increase from 2024. Data from World Bank, covering 1992–2025.
Overview
Belarus's lending rate stood at 10.89% in 2025, a rise of +0.90pp from 2024. Based on recent trends, this figure is projected to reach 10.89% by 2025. Belarus ranked 39th globally.
Belarus’s lending rate has fallen dramatically since the early 1990s, moving from an earliest recorded 21.00 % in 1992 to a pronounced all‑time peak of 175.00 % in 1995, a level that reflected the hyperinflationary shock of the post‑Soviet transition. The rate then trended downward, reaching its all‑time trough of 8.55 % in 2008 during a period of relatively stable macro‑policy and modest credit growth. By 2025 the official lending rate stood at 10.89 %, ranking 39th globally and situating Belarus close to peers such as Uruguay (10.81 %) and Moldova (11.64 %). The 34‑year coverage shows a long‑term decline, yet the recent figure remains above the 2008 low, suggesting that monetary tightening in response to inflationary pressures and external financing constraints continues to shape policy. If inflation expectations ease and external financing conditions improve, the lending rate could resume a gradual downward trajectory, supporting broader credit expansion.
Data & projection
| Year | Lending Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 11.25% | - | - |
| 2026* trend | 11.07% | - | - |
| 2025* trend | 10.89% | - | - |
| 2025 | 10.89% | +0.90pp | #39 |
| 2024 | 9.99% | +0.03pp | #47 |
| 2023 | 9.96% | −2.75pp | #49 |
| 2022 | 12.72% | +2.60pp | #75 |
| 2021 | 10.12% | +1.09pp | #75 |
| 2020 | 9.03% | +0.01pp | #63 |
| 2019 | 9.02% | +0.33pp | #56 |
| 2018 | 8.70% | −0.96pp | #53 |
| 2017 | 9.66% | −4.74pp | #72 |
| 2016 | 14.40% | −3.68pp | #100 |
| 2015 | 18.08% | −0.66pp | #120 |
| 2014 | 18.74% | −0.39pp | #125 |
| 2013 | 19.13% | −0.36pp | #128 |
| 2012 | 19.49% | +5.92pp | #125 |
| 2011 | 13.58% | +4.36pp | #92 |
Detected Pattern
Analysis
Belarus matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw lending rate improve within 24 months. View full analysis →
Frequently Asked Questions
Belarus's lending rate was 10.89% in 2025. Ranked 39th globally. This represents a 9.0% increase from the previous year.
Belarus's lending rate peaked at 175.00% in 1995.
The lowest lending rate in Belarus was 8.55% in 2008.
Belarus ranks 39th globally in lending rate as of 2025.
The World Bank indicator code is FR.INR.LEND. Data sourced from World Bank.
Belarus's lending rate is projected to reach 10.89% by 2025 based on trend extrapolation.
The lending rate of Belarus in 2025 was 10.89%. This ranks 39th in the world.
Cite this page
@misc{historysaid_belarus_lending-rate,
title = {Belarus Lending Rate},
url = {https://historysaid.com/belarus/lending-rate/},
publisher = {HistorySaid},
year = {2026}
}