Lukashenko approved monetary policy targets for 2025, international reserve assets supposed to be no less than $7.1bn
On October 1st, President of Belarus Aleksandr Lukashenko signed Decree No. 385 on Monetary Policy Targets for 2025, which aims to create conditions for sustainable economic growth, sb.by reports with reference to the Belarusian leader’s press service
The list of indicators corresponds to the objectives of the National Bank activities: to promote economic growth along with maintaining price and financial stability.
The decree approves the following parameters:
— an increase in consumer prices — no more than 5 percent;
— international reserve assets (which are the most important indicator of the country's economic security and financial stability) – at least $7.1bn;
— the share of non-performing assets of banks in the assets exposed to credit risk – no more than 10 percent (maintaining this level will ensure the stability of the entire banking system);
— the coefficient of availability of automated systems of payment market participants to ensure settlement operations – at least 99.8 percent (this will fully meet the need of the real sector of the economy and citizens for unhindered settlement in the country);
— an increase in the requirements of banks to the economy – at least 11 percent (this will expand the resource support for enterprises, satisfying the solvent demand for loans, thus becoming a key incentive for economic growth).
