National Bank: Inflation Slowing in Belarus

The Belarusian banking system operated steadily in the first quarter of 2026 and generally met its targets, according to R. Golovchenko, Chairman of the Board of the National Bank of Belarus. Inflation is slowing and its annual dynamics are below the target trajectory. Banks are also steadily expanding their long-term resource base, and demand for credit from the population and the economy is being fully met. Prices rose by 1.6% in the quarter, compared to a forecast of 2.5%.