The world Bank expects inflation in Belarus in 2015 at the level of 17%

The world Bank expects inflation in Belarus in 2015 at the level of 17%


The world Bank has improved its forecast of inflation in Belarus. Specialist organizations believe that the given indicator in 2015 will amount to 17%.

MINSK, 2 Oct. Alexei Bukchin. The world Bank (WB) expects a decline of inflation in Belarus by the end of 2015 by nearly 2 percentage points relative to its spring forecast, up to 17%, it follows from the statements of a senior economist of the WB Roman Piontkivsky reporters on Monday in Minsk.

WB spring forecast inflation in Belarus in 2015 at 18.8%, the international monetary Fund (IMF) — at the level of 22.1%.

“On inflation we expect a decrease — at the end of the year 17%,” said Piontkivsky.

He also added that the world Bank expects a further decline of inflation in Belarus up to 15% in 2016 and to 13% in 2017.

The national Bank of Belarus in the beginning of the year determined the target inflation rate of 18% with a standard deviation of 2 percentage points. In July, the Department slightly adjusted the forecast to the interval of 15-18%. For the first half of this year inflation in Belarus amounted to 7.3%. The project is forecast for 2016 still provides a target inflation rate of 12%.

At the same time, analysts of the Eurasian development Bank believes that if the national Bank of Belarus will be able to avoid significant devaluation of the national currency during the remaining part of 2015, inflation in the country by the end of the year will slow down to 9-12%.