Main objective of monetary policy
Inflation
(December 2020 to December 2019)
no more than 5%
Actual value
(August 2020 to August 2019)
5.6%

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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
(August 2020 to August 2019)
15.7%

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further on monetary policy

Refinancing rate
01/07/20 7.75%

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Operations of the National Bank
Overnight credit 8.75%
Deposits at the National Bank 6.75%

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Interbank interest rates
intraday 16/09/20 17/09/20
in Belarusian ruble (1 day) 0.0 13.2
in hard currency (1 day) 0.2 0.1

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Exchange rates
20/09/20 21/09/20
EUR 1 Euro 3.0414 3.0414
USD 1 US Dollar 2.5658 2.5658
RUB 100 Russian Rubles 3.4205 3.4205

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International reserve assets (USD m)
as at 01/09/20 7,457.8

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Gold reserve
as at 01/01/2042.2 t

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