Main objective of monetary policy
Inflation
(December 2019 to December 2018)
no more than 5%
Actual value
(April 2019 to April 2018)
5.5%

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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
(April 2019 to April 2018)
11.5%

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further on monetary policy

Refinancing rate
27/06/18 10%

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Operations of the National Bank
Overnight credit 11.50%
Deposits at the National Bank 8.50%

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Interbank interest rates
15/05/19 16/05/19
in Belarusian ruble (1 day) 10.9 10.9
in hard currency (1 day) 2.4 2.4

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Exchange rates
19/05/19 20/05/19
EUR 1 Euro 2.3316 2.3316
USD 1 US Dollar 2.0854 2.0854
RUB 100 Russian Rubles 3.2282 3.2282

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Currency basket (USD, EUR, and RUB)
Value as at 20/05/19 0.2653
Change from 17/05/19 0.30%

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International reserve assets (USD m)
as at 01/05/19 7,568.4

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Gold reserve
as at 01/01/1941.2 t

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