3 November 2025

Belarus’ 2026 monetary policy targets approved

On 3 November Belarusian President Aleksandr Lukashenko signed Decree No.386 on monetary policy targets for 2025 to create conditions for sustainable economic growth, BelTA learned from the press service of the head of state.

The list of indicators corresponds to the goals for the National Bank and the banking system as a whole, namely, to promote economic growth while maintaining price and financial stability.

These include:

• consumer price growth - not more than 7%;
• international reserve assets - not less than $9.2 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%;
• an increase in the volume of investment funding of no less than 13% (to ensure support for investment lending).

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