National Bank: inflation in Belarus will not to exceed 8% in 2007

Today President of Belarus met with the Chairman of the Board of the National Bank, Piotr Prokopovich, to receive his regular report. The inflation in Belarus will not exceed 8% in 2007, Piotr Prokopovich said during the meeting, BelTA has been told in the presidential press service. The country has met the H1 Consumer Price Index targets. During the period under review the index increased by 3.6%. According to Piotr Prokopovich, the stability of the prices and national currency allows the country to promote economic development today and in the mid-term perspective. The President has been also informed about the operation of the national payment system, the interest and credit policy. Piotr Prokopovich praised the operation of the national banking system in H1. He noted that in the future the National Bank of Belarus will continue working on reaching the main targets of 2007.