Business news

MINSK, 28 August (BelTA) – In 2019 the National Bank of the Republic of Belarus (NBRB) will continue pursuing a flexible currency exchange policy in order to respond to external shocks, BelTA learned from NBRB Deputy Chairman of the Board Sergei Kalechits on 28 August.

The official said: “The currency exchange policy will stay rather flexible in order to promptly respond to the external shocks we sometimes experience.”

Curbing the inflation processes will remain the main target of the monetary management policy in 2019. “We intend to keep inflation under 5% (December against December of the previous year). With this in mind we will use monetary targeting. In other words, we will control the broad money supply,” noted the deputy head of Belarus’ central bank.

Interest rates will continue falling if circumstances permit it. The task to increase the gold and foreign exchange reserves and develop the financial and banking market as a whole still stands.

As far as the foreign debt is concerned, plans have been made to make timely payments in full in 2019. “Some of the debts will be refinanced. Some will be repaid using other sources of foreign currency,” specified Sergei Kalechits.