Inflation in Belarus may slow down to 9-12% in 2015

Inflation in Belarus at the end of 2015 may slow down to 9-12%. The forecast was published by the Analytics Department of Eurasian Development Bank (EDB), BELTA reports.

However, these pleasant prospects are possible only if the National Bank is able to avoid a significant devaluation of the national currency.

EDB analysts noted that changes in the macro-economic policy of Belarus increased the degree of economic stability.

Analysts believe the main threat to be the pressure of the declining economic activity. Belarusian state budget is likely to be drafted with a zero or positive balance, but lower than in 2014. GDP in the current environment can also be reduced in comparison with 2014 year by 1-2%.

According to the forecast of the Belarusian authorities, inflation this year should reach 12%.

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