Belarus central bank: 5% inflation target remains in place

11.07.2019

The inflation-driving factors are weakening and the 5% inflation target remains in place, the National Bank of the Republic of Belarus reports. The inflation was driven by the factors related to agricultural production, growth of productivity lagging behind wages and also external factors. The National Bank also took stock of a twinning project designed to enhance the potential of Belarus’ central bank. In the course of the project 9 central banks of European Union countries shared experience in matters of financial stability, the payment system and management of financial risks. In late September possible further steps in the twinning initiative will be discussed.

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