If National Bank manages to avoid next devaluation, inflation will slow down to 9-12% by late 2015

This is suggested in the “CIS Macromonitor” published by the Research Department of Eurasian Development Bank (EDB).

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, Euroradio writes following EDB press-service. Belarusan 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 Belarusan authorities, inflation this year should slow down to 9-12%.

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