Belarus’ 2022 monetary policy targets 6% inflation - ordinance
<p> MINSK, Dec 13 - PrimePress. Belarus’ monetary policy in 2022 will aim at retraining inflation at 6%, in accordance with President Lukashenko’s ordinance #482 of 9 Dec 2021 “On Approving the Basic Guidelines of the Monetary Policy of the Republic of Belarus for 2022”. </p> <p> </p> <p> “Money supply growth will continue to stay under control. The average broad money supply will increase by 7-13% per annum and the ruble monetary base by 8-13%.” </p> <p> </p> <p> Inflation in Belarus was 0.5% in November 2021 and 9% in January-November. In November 2021, consumer prices rose by 10.3% year on year; in January-November 2021 - by 9.4% year on year. At the same time, the official forecast for 2021 says inflation is not supposed to exceed 5%. According to the forecast, the increase in the average broad money supply (December 2021 in December 2020) may amount to 7-10%. In January-November 2021, broad money supply decreased by 2.7%. End </p>
2021-12-14
Primepress
Belarus’ 2022 monetary policy targets 6% inflation - ordinance
MINSK, Dec 13 - PrimePress. Belarus’ monetary policy in 2022 will aim at retraining inflation at 6%, in accordance with President Lukashenko’s ordinance #482 of 9 Dec 2021 “On Approving the Basic Guidelines of the Monetary Policy of the Republic of Belarus for 2022”.
“Money supply growth will continue to stay under control. The average broad money supply will increase by 7-13% per annum and the ruble monetary base by 8-13%.”
Inflation in Belarus was 0.5% in November 2021 and 9% in January-November. In November 2021, consumer prices rose by 10.3% year on year; in January-November 2021 - by 9.4% year on year. At the same time, the official forecast for 2021 says inflation is not supposed to exceed 5%. According to the forecast, the increase in the average broad money supply (December 2021 in December 2020) may amount to 7-10%. In January-November 2021, broad money supply decreased by 2.7%. End