Main directions of monetary and credit policy of Belarus for 2027 have been approved by the Resolution of the Board of the National Bank dated October 16, 2026 No. 213. The document discloses the focus of the National Bank's actions to achieve the target indicators approved by the Presidential Decree of September 30, 2026 No. 343, BELTA reported from the regulator's press service.

The National Bank will continue to regulate the money supply. Its volume will correspond to the real needs of the economy, without causing increased price growth.

Strengthening the stability of the financial sector will be facilitated by conducting macro- and microprudential policy focused on monitoring compliance by banks, non-bank credit and financial organizations, and the Joint-Stock Company 'Development Bank of the Republic of Belarus' with legislative requirements, assessing risks and the quality of risk

The main directions of Belarus's monetary and credit policy for 2027 present forecast indicators characterizing the monetary and credit sphere. In accordance with the macroeconomic scenario conditions underlying the key indicators and parameters of the country's socio-economic development for 2027, approved by the President's Decree of September 30, 2026 No. 342, and the draft republican budget for the forthcoming year, an assessment of the values of the main monetary and credit indicators is given.

In particular, the growth of the average broad money supply — 14-16%, the growth of banks' claims on the economy — 11-13%, including to legal entities — 12-14%, to individuals — 10-12%. The interest rate on new banks' investment loans (excluding loans provided on preferential terms) — 9.3-9.8% per annum. The share of consumer loans for the purchase of goods produced by Belarusian manufacturers in the total volume of consumer lending — not less than 14%. The share of long-term non-withdrawable bank deposits (deposits) with a maturity of more than three years in the balances of long-term non-withdrawable bank deposits (deposits) of individuals in Belarusian rubles with a maturity of more than one year — not less than 10%.

"Overall, in 2027, the formation of appropriate conditions in the monetary and credit sphere will contribute to the sustainable economic development of Belarus," the National Bank concluded.