Main objective of monetary policy
Inflation
(December 2020 to December 2019)
no more than 5%
Actual value
(January 2020 to January 2019)
4.7%

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Intermediate target of monetary policy
Growth in average monthly broad money supply
(December 2020 to December 2019)
8–11%
Actual value
(January 2020 to January 2019)
11.6%

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further on monetary policy

Refinancing rate
19/02/20 8.75%

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Operations of the National Bank
Overnight credit 9.75%
Deposits at the National Bank 7.75%

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Interbank interest rates
25/02/20 26/02/20
in Belarusian ruble (1 day) 9.0 9.0
in hard currency (1 day) 1.4 1.4

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Exchange rates
27/02/20 28/02/20
EUR 1 Euro 2.4334 2.4406
USD 1 US Dollar 2.2378 2.2340
RUB 100 Russian Rubles 3.4137 3.4025

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International reserve assets (USD m)
as at 01/02/20 9,243.1

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Gold reserve
as at 01/01/2042.2 t

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