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13 May 2020

Lukashenko approves National Bank’s report 2019

Lukashenko approves National Bank’s report 2019
An archive photo

MINSK, 13 May (BelTA) – On 13 May, Belarus President Aleksandr Lukashenko signed a decree to approve the annual report for 2019 of the National Bank of the Republic of Belarus (NBRB), BelTA learned from the press service of the Belarusian leader.

In line with the 2019 report, the NBRB activities were aimed at preserving the basis for a balanced and sustainable development of Belarus’ economy by maintaining price and financial stability.

The NBRB achieved the main objective of the monetary policy, which was to curb inflation that stood at 4.7% (the target was to keep inflation below 5%).

The banking sector functions efficiently. Deposits in the national currency are high yielding and loans in Belarusian rubles are accessible and affordable.

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