Main objective of monetary policy
Inflation
(December 2019 to December 2018)
no more than 5%
Actual value
(December 2019 to December 2018)
4.7%

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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
(December 2019 to December 2018)
11.4%

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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
15/01/20 16/01/20
in Belarusian ruble (1 day) 9.2 9.2
in hard currency (1 day) 1.5 1.5

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Exchange rates
19/01/20 20/01/20
EUR 1 Euro 2.3634 2.3634
USD 1 US Dollar 2.1228 2.1228
RUB 100 Russian Rubles 3.4527 3.4527

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International reserve assets (USD m)
as at 01/01/20 9,393.5

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Gold reserve
as at 01/01/2042.2 t

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