Belarus has approved monetary policy targets for the next year.
The corresponding decree No. 386 was signed by the country's president, Alexander Lukashenko, on October 1.
What monetary policy indicators have been approved?
According to the presidential press service , the decree is aimed at creating conditions for sustainable economic growth.
The list of target indicators corresponds to the objectives of the National Bank’s activities – promoting economic growth while maintaining financial and price stability.
According to the document, the increase in consumer prices next year should be no more than 5%.
International reserve assets, which are the most important indicator of financial stability and economic security, should amount to at least $7.1 billion.
The share of non-performing bank assets in assets exposed to credit risk should not exceed 10%. This level will ensure the stability of the entire banking system.
The availability rate of automated systems of payment market participants to ensure settlement transactions must be no less than 99.8%, and the increase in banks’ demands on the economy must be no less than 11%.
