Main objective of monetary policy
Inflation
(December 2019 to December 2018)
no more than 5%
Actual value
(July 2019 to July 2018)
6.0%

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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
(July 2019 to July 2018)
11.7%

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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
21/08/19 22/08/19
in Belarusian ruble (1 day) 10.1 10.1
in hard currency (1 day) 2.1 2.1

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Exchange rates
25/08/19 26/08/19
EUR 1 Euro 2.2759 2.2759
USD 1 US Dollar 2.0566 2.0566
RUB 100 Russian Rubles 3.1349 3.1349

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International reserve assets (USD m)
as at 01/08/19 8,627.9

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Gold reserve
as at 01/01/1941.2 t

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