Roman Golovchenko
MINSK, 29 January (BelTA) - The price formation process in Belarus is managed and constant supervised, Chairman of the Board of the National Bank of Belarus Roman Golovchenko said at a meeting of the Board of the country’s central bank on 29 January, BelTA has learned.
“Practically all the target indicators approved by Decree No. 385 were met in 2025, with the exception of the consumer price growth indicator. Inflation, as is known, stood at 6.8%, which is outside the 5% forecast. At the same time, we note that the price formation process is managed and is under constant monitoring by the National Bank and the government. By the end of 2025, it was possible to slow the intensity of inflationary processes. Given the significant influence of external factors, the result achieved can generally be considered acceptable,” Roman Golovchenko said.
To hold core inflation to 5% in 2026, a projected path for the indicator has been modeled, he said. “The issue has been placed under operational control in order to timely apply response measures and, together with the government, ensure this parameter remains within the level set by the social and economic development program. Low inflation rates are primarily necessary for organizations to plan long-term investments, taking into account the availability of funds attracted by the economy for its development. Essentially, these are the fundamental conditions for economic growth and improving the population’s standard of living,” the chairman of the National Bank Board said.
Photos by Sergei Sheleg
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