Main objective of monetary policy
Inflation
(December 2020 to December 2019)
no more than 5%
Actual value
(April 2020 to April 2019)
5.4%

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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
(April 2020 to April 2019)
17.1%

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further on monetary policy

Refinancing rate
20/05/20 8%

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Operations of the National Bank
Overnight credit 9.00%
Deposits at the National Bank 7.00%

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Interbank interest rates
03/06/20 04/06/20
in Belarusian ruble (1 day) 8.9 8.6
in hard currency (1 day) 0.1 0.1

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Exchange rates
07/06/20 08/06/20
EUR 1 Euro 2.7028 2.7028
USD 1 US Dollar 2.3810 2.3810
RUB 100 Russian Rubles 3.4695 3.4695

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International reserve assets (USD m)
as at 01/06/20 7,879.3

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Gold reserve
as at 01/01/2042.2 t

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