MINSK, 28 August (BelTA) – The National Bank of the Republic of Belarus expects inflation as low as 4% per annum after 2020. Chairman of the Board of the National Bank of the Republic of Belarus (NBRB) Pavel Kallaur made the relevant statement in an interview with the Financial Times publication fDi Magazine.
The official is quoted as saying: “If we talk about inflation, we aim for 5% this year and the next one. We aim for 4% after that.”
Pavel Kallaur described the current situation as balanced and steady economic growth. The central bank expects economic growth to be close to 2.9% in 2019 and 2.5% in 2020.
Speaking about the country's plans to join the World Trade Organization, Pavel Kallaur remarked there are no problems as far as the National Bank is concerned. He pointed out that joining the WTO is important for Belarus since it will help develop and diversify export.
The interview with Pavel Kallaur is part of a special fDi Magazine story dedicated to investing in the Belarusian economy.
