National Bank: inflation target for 2019 is no more than 5%

The inflation target for 2019 is no more than 5%, according to the National Bank of the Republic of Belarus. This year, prices for goods and services rose by 5.5%. The National Bank sees no reason for adjusting the current monetary policy. The current interest rates correspond to the macroeconomic policy and take into account the risks of 2019. Belarus’ refinancing rate will remain at 9-10% given there are no external shocks. Next year, the National Bank is ready to stop regulating the threshold level of interest rates in the credit and deposit market. Belarusians will be allowed to open current accounts in foreign banks.