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0Belarus Inflation to Fall to 5% by 2020
- New Europe Investor
- November 09, 2015
The Belarusian National Bank (NBRB) has said that inflation will be reduced to 5% by 2020.
The Deputy Chairman of the Board, Dmitry Lapko told journalists recently, that the return to ‘fundamental approaches’ on economic policy will see a reduction in the rate.
Belarus inflation is currently running at 11.9% and in January, it was significantly higher, at 17.1%.
Lapko also had to stress to those gathered last week that the redenomination of the country’s currency is purely a technical procedure.
Due to many periods of economic crisis and inflation, the Belarusian currency has become extremely bloated. Therefore, The National Bank announced it would effectively remove four zeros off the notes, to bring it to more manageable levels.
