Rubel supply to grow by up to 12 percent in 2023 – National Bank

January 30, BPN. The central bank will prioritize effective management of the money supply in 2023, Siarhiej Kalečyc, first deputy head of the National Bank of Belarus, said last week at an expanded board meeting.

The broad money supply will grow in the range of 12 to 16 percent to spur businesses and keep inflation risks in check, he said. At the same time, the rubel’s monetary base will grow between 10 and 12 percent, he added.

The National Bank will focus on maintaining interest rates to ensure the attractiveness of savings in Belarusian currency and build reserves for lending, he said.