Main objective of monetary policy
Inflation
(December 2020 to December 2019)
no more than 5%
Actual value
(September 2020 to September 2019)
6.1%

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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
(September 2020 to September 2019)
11.8%

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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
intraday 27/10/20 28/10/20
in Belarusian ruble (1 day) 13.6 13.8
in hard currency (1 day) 0.2 0.2

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Exchange rates
29/10/20 30/10/20
EUR 1 Euro 3.0521 3.0840
USD 1 US Dollar 2.5990 2.6264
RUB 100 Russian Rubles 3.3365 3.3274

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International reserve assets (USD m)
as at 01/10/20 7,321.4

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Gold reserve
as at 01/01/2042.2 t

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