Main objective of monetary policy
Inflation
(December 2019 to December 2018)
no more than 5%
Actual value
(October 2019 to October 2018)
5.3%

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Intermediate target of monetary policy
Growth in average monthly broad money supply
(December 2019 to December 2018)
9–12%
Actual value
(October 2019 to October 2018)
8.8%

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further on monetary policy

Refinancing rate
20/11/19 9%

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Operations of the National Bank
Overnight credit 10.00%
Deposits at the National Bank 8.00%

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Interbank interest rates
04/12/19 05/12/19
in Belarusian ruble (1 day) 9.4 9.0
in hard currency (1 day) 1.5 1.5

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Exchange rates
07/12/19 08/12/19
EUR 1 Euro 2.3479 2.3479
USD 1 US Dollar 2.1154 2.1154
RUB 100 Russian Rubles 3.3195 3.3195

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International reserve assets (USD m)
as at 01/12/19 9,158.9

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Gold reserve
as at 01/01/1941.2 t

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