Main objective of monetary policy
Inflation
(December 2019 to December 2018)
no more than 5%
Actual value
(September 2019 to September 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
(September 2019 to September 2018)
9.6%

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further on monetary policy

Refinancing rate
14/08/19 9.5%

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Operations of the National Bank
Overnight credit 10.75%
Deposits at the National Bank 8.25%

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Interbank interest rates
16/10/19 17/10/19
in Belarusian ruble (1 day) 10.1 10.1
in hard currency (1 day) 1.8 1.8

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Exchange rates
19/10/19 20/10/19
EUR 1 Euro 2.2680 2.2680
USD 1 US Dollar 2.0388 2.0388
RUB 100 Russian Rubles 3.1884 3.1884

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International reserve assets (USD m)
as at 01/10/19 8,830.9

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Gold reserve
as at 01/01/1941.2 t

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