Belarus’s governor predicts inflation will fall
Government imposed price controls after sanctions helped push inflation into double digits
Belarus’s central bank governor Pavel Kallaur predicted the country’s inflation will soon come down from its current double-digit rates.
“Our forecasts are optimistic. We expect that the inflation has passed its peak and will be slowing down gradually,” said Kallaur, according to a report from official wire service Belta on October 24.
Consumer price index inflation was 17.4% year on year in September, according to official figures. The central bank raised its refinancing rate by 275 basis
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