Monetary management will be directed towards slowing down inflation to 7-8% per annum and maintaining financial stability.
Control over money supply growth will remain in place. The average broad money supply is expected to expand by 12-16% year-on-year, with the ruble money base expected to grow by 10-12%.
Appropriate resources will be formed to satisfy the solvent demand for loans to finance investment projects. The volume of outstanding amounts on bank loans is expected to rise by 17-21%.
There are plans to keep interest rates in the economy at a positive level in real terms in order to keep deposits attractive and use it as a source to give loans to the economy. The refinancing rate is expected at 10-11% per annum.
The exchange rate policy will rely on a floating exchange rate based on demand and supply on the currency market. It will allow interventions to offset drastic fluctuations of the Belarusian ruble's exchange rate.
Written by belta.by
