Main objective of monetary policy
Inflation
(December 2020 to December 2019)
no more than 5%
Actual value
(February 2020 to February 2019)
4.4%

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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
(February 2020 to February 2019)
11.7%

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further on monetary policy

Refinancing rate
19/02/20 8.75%

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Operations of the National Bank
Overnight credit 9.75%
Deposits at the National Bank 7.75%

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Interbank interest rates
01/04/20 02/04/20
in Belarusian ruble (1 day) 9.6 9.6
in hard currency (1 day) 0.0 0.1

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Exchange rates
03/04/20 04/04/20
EUR 1 Euro 2.8320 2.7943
USD 1 US Dollar 2.5893 2.5846
RUB 100 Russian Rubles 3.3201 3.3569

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International reserve assets (USD m)
as at 01/03/20 8,804.9

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Gold reserve
as at 01/01/2042.2 t

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