On monetary policy targets for the Republic of Belarus for 2025

On 1 October Belarusian President Aleksandr Lukashenko signed Decree No.385 on monetary policy targets for 2025 to create conditions for sustainable economic growth.

The list of indicators corresponds to the goals of the National Bank, namely to promote economic growth and maintain price and financial stability.

These include:

• consumer price growth - not more than 5%;
• international reserve assets - not less than $7.1 billion which is the most important indicator of the country's economic security and its financial stability;
• the share of banks' non-performing assets in the assets exposed to credit risk of not more than 10% (maintaining this level will ensure stability of the entire banking system);
• an availability ratio of automated systems of payment market participants to ensure settlement operations - not less than 99.8% (this will make it possible to fully meet the needs of the real sector of the economy and citizens for unimpeded settlements in the country);
• increase in banks' claims on the economy - not less than 11%, which will expand resource support for the real sector, satisfying solvent demand for loans, which will become one of the key stimuli for economic growth.