On September 27, Minsk /Anna Kot - BELTA/. The key role in Belarus's monetary policy in 2013 will be assigned to interest rate policy. This is stated in the Main Directions of Monetary Policy of Belarus for 2013, approved on September 25, 2012 by Decree No. 419, as reported by a BELTA correspondent. In 2013, Belarus's monetary policy will maintain its strategic focus on maintaining price stability in the economy. To maintain the external and internal balance of the economy, the exchange rate of the Belarusian ruble, as in 2012, will be formed based on the supply and demand of foreign currency with limited participation of the National Bank in exchange rate formation (managed float regime). Monetary policy instruments in 2013 will be aimed at achieving the goal of limiting inflation, taking into account the prevailing external and internal macroeconomic conditions. "The key role is assigned to interest rate policy, the priority of which is to maintain a positive level (in real terms) of interest rates in the economy as an important condition for ensuring price stability and the safety of depositors' savings," the document states. Taking into account the slowdown in inflationary processes, the refinancing rate by the end of 2013 will be 13-15% per annum. The National Bank's auction operations will be aimed at preventing significant deviations of the overnight ruble interbank loan rate from the refinancing rate. "The National Bank will ensure the narrowing of the interest rate corridor, the boundaries of which are determined by the rates on permanently available operations (overnight credit and swap, fixed-rate deposits). The National Bank's credit issuance is carried out exclusively on market terms and for short periods using standard tools for regulating bank liquidity," the Main Directions of Monetary Policy of Belarus for 2013 state. The National Bank will also continue to work on the development and strengthening of the banking system. Banks will increase their regulatory capital to the level necessary to cover the risks they have undertaken, including through the contribution of funds by investors to the charter capital of banks. The resource base of banks will increase due to the attraction of funds from residents and non-residents of Belarus. Banks' claims on the economy will increase by 17-20%.