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Opinions & Interviews

9 Nov 2017

Belarus close to creating foundation for long-term low inflation

Belarus close to creating foundation for long-term low inflation

MINSK, 9 November (BelTA) – Belarus is now close to creating the foundation for low inflation in the long term, BelTA learned from First Deputy Chairman of the Board of the National Bank of the Republic of Belarus (NBRB) Taras Nadolny on 9 November.

The official said: “We are now very close to creating the foundation for low inflation in Belarus in the long term”. This accomplishment will enable continued stability on the currency market.

Low inflation represents the foundation of stability in a broad sense in all the economic segments, including the currency market, the loan market, and the money market. This is why the central bank’s focus is shifting from the currency exchange rate towards efforts to secure low inflation. It is a key moment for the long-term growth of the Belarusian economy, stressed Taras Nadolny.

 

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