Main objective of monetary policy
Inflation
(December 2019 to December 2018)
no more than 5%
Actual value
(August 2019 to August 2018)
5.7%

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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
(August 2019 to August 2018)
10.9%

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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
11/09/19 12/09/19
in Belarusian ruble (1 day) 10.0 9.8
in hard currency (1 day) 2.1 2.1

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Exchange rates
15/09/19 16/09/19
EUR 1 Euro 2.2768 2.2768
USD 1 US Dollar 2.0511 2.0511
RUB 100 Russian Rubles 3.1859 3.1859

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International reserve assets (USD m)
as at 01/09/19 8,891.0

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Gold reserve
as at 01/01/1941.2 t

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