Main objective of monetary policy
Inflation
(December 2020 to December 2019)
no more than 5%
Actual value
(June 2020 to June 2019)
5.2%

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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
(June 2020 to June 2019)
15.1%

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further on monetary policy

Refinancing rate
01/07/20 7.75%

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Operations of the National Bank
Overnight credit 8.75%
Deposits at the National Bank 6.75%

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Interbank interest rates
31/07/20 03/08/20
in Belarusian ruble (1 day) 4.0 4.0
in hard currency (1 day) 0.3 0.1

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Exchange rates
04/08/20 05/08/20
EUR 1 Euro 2.8771 2.8764
USD 1 US Dollar 2.4475 2.4394
RUB 100 Russian Rubles 3.2997 3.3218

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International reserve assets (USD m)
as at 01/07/20 8,795.7

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Gold reserve
as at 01/01/2042.2 t

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