Main objective of monetary policy
Inflation
(December 2020 to December 2019)
no more than 5%
Actual value
(October 2020 to October 2019)
6.2%

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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
(October 2020 to October 2019)
10.4%

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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 25/11/20 26/11/20
in Belarusian ruble (1 day) 12.4 12.0
in hard currency (1 day) 0.4 0.3

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Exchange rates
29/11/20 30/11/20
EUR 1 Euro 3.0794 3.0794
USD 1 US Dollar 2.5817 2.5817
RUB 100 Russian Rubles 3.4056 3.4056

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International reserve assets (USD m)
as at 01/11/20 7,485.6

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Gold reserve
as at 01/01/2042.2 t

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