The financial policy of the National Bank is aimed at maintaining stability. The President of Belarus said this today at a meeting with the chairman of the board of the main financial regulator.
Pavel Kallaur informed Alexander Lukashenko about the situation in the financial market. Over the past year, we managed to achieve stability in the foreign exchange market. The current monetary policy of the National Bank is in line with the goal set for inflation: by the end of the year it is expected that it will be limited to 5 percent. Creating a favorable environment for the sustainable development of the economy is the key task of the National Bank. Responsibility for financial stability is assigned to the chairman of the board. However, in the opinion of the regulator’s management, traditional monetary policy instruments and banking supervision may not be enough. Therefore, it is proposed to strengthen the powers of the National Bank and secure its responsibility in this area.
The National Bank, jointly with the Council of Ministers, intends to develop a strategy to increase confidence in the national currency.
