MINSK, 21 March (BelTA) - The banking community should increase its contribution to the national economy, including in terms of creating conditions for investment growth and development of business activity, while maintaining macroeconomic balance, Chairman of the Board of the National Bank Roman Golovchenko said during a meeting with the heads of Belarusian banks, BelTA learned.
The head of state has set a task to increase the contribution of the National Bank and the banking system to the national economy and provide comprehensive assistance to the economic development of the country. “It is obvious that the track of long-term sustainable growth requires additional measures. The National Bank largely determines the macroeconomic conditions for the development of the economy. Accordingly, the monetary policy should be flexible, creating the necessary conditions primarily for investment growth. The next five-year period is a five-year period of investments and innovations, so we are expected to give clear signals,” Roman Golovchenko said.
Maintaining macroeconomic balance is one of the most important national priorities. “In this context, the National Bank is to solve two tasks: to ensure the monetary conditions conducive to stable low inflation, and to maintain reliable and sustainable functioning of the financial sector and payment market. As practice has shown, this is an integral component of the country's economic security,” the chairman of the National Bank said.
The next most important priority is to create proper conditions for the development of business activity. “The role of the banking community in this matter should be increased. Innovations and effective investment projects are the key growth drivers of any economy,” Roman Golovchenko emphasized.
The head of state has set a task to increase the contribution of the National Bank and the banking system to the national economy and provide comprehensive assistance to the economic development of the country. “It is obvious that the track of long-term sustainable growth requires additional measures. The National Bank largely determines the macroeconomic conditions for the development of the economy. Accordingly, the monetary policy should be flexible, creating the necessary conditions primarily for investment growth. The next five-year period is a five-year period of investments and innovations, so we are expected to give clear signals,” Roman Golovchenko said.
Maintaining macroeconomic balance is one of the most important national priorities. “In this context, the National Bank is to solve two tasks: to ensure the monetary conditions conducive to stable low inflation, and to maintain reliable and sustainable functioning of the financial sector and payment market. As practice has shown, this is an integral component of the country's economic security,” the chairman of the National Bank said.
The next most important priority is to create proper conditions for the development of business activity. “The role of the banking community in this matter should be increased. Innovations and effective investment projects are the key growth drivers of any economy,” Roman Golovchenko emphasized.
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