National Bank pushes for lower interests on corporate loans
As of September 28th, the National Bank introduced a new upper margin for rouble loans interest rates – not higher than the average rate in the previous month, minus 1%. As a result, loans’ interest rates will be reducing by at least 1% every month and by January 1st, 2015 will fall below 30% per annum. Interest rates on deposits for individuals will be lowered too, as well as corporate expenses on servicing loans. Demand for corporate rouble loans will heat up, reducing the demand for currency loans. The main risk is that the banking system might lose some liquidity and be unable to meet the hgher demand for rouble loans.
During searches of social and "green" activists and anarchists, law enforcement has seized computers, mobile phones and publications. The authorities have also exerted additional pressure on supporters of unauthorized street protests and independent lawyers, who represented defendants in the White Legion case. The security services have stepped up the persecution of opponents before the street protests announced by the opposition. Apparently, the Belarusian authorities aspire that participants in street protests would reduce in number and that the low interest of the population to socio-political agenda before the local election campaign would retain.