Commentary to Decree No. 194 of 21 May 2019

On 21 May, Belarus President Aleksandr Lukashenko signed Decree No. 194 to approve the National Bank annual report 2018.

In line with the 2018 report, the National Bank achieved the main objective of the monetary policy, which is to curb inflation measured by the consumer price index. The inflation rate stood at 5.6% (December 2018 to December 2017). The target was to keep inflation below 6%.

The country managed to maintain macroeconomic and financial stability, safe and efficient functioning of the banking sector, to preserve the high yield of national currency deposits and availability of loans in Belarusian rubles.