MINSK, 7 May (BelTA) – Inflation is slowing down in Belarus, BelTA learned from Dmitry Murin, Head of the Main Directorate for Monetary Policy and Economic Analysis of the National Bank of the Republic of Belarus (NBRB).
Results of the implementation of the monetary policy in Q1 2026 were reviewed at an expanded session of the Board of the National Bank.
“The banking system as a whole is coping with the tasks set for the current year and accordingly for Q1 2026. The head of state has approved five target indicators. Four of them generally fit into the forecast trajectory in Q1 2026, first of all, the inflation indicator. Inflation is steadily slowing down. Since the beginning of the year consumer prices have grown by 1.6%, which is lower than the 2.5% forecast,” Dmitry Murin noted.
Moreover, the figure takes into account the fact that an increase in utility prices originally scheduled for 1 January has been postponed till 1 March. “Even with this adjustment, the forecast figure changes from 2.5% to 1.9% while the actual figure is 1.6%. In other words, we still see good dynamics towards slowing down consumer prices,” the head of the Main Directorate for Monetary Policy and Economic Analysis of the National Bank added.
The head of state has tasked the National Bank with keeping the core inflation at no more than 5% in 2026.
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