Lukashenko: people need price stability, not stable price growth
During today’s meeting reviewing the draft forecast documents for 2026, President of Belarus Aleksandr Lukashenko said that he expects the National Bank to present a clear action plan that is fully consistent with the economic growth parameters
The President underlined that Roman Golovchenko was appointed to head the country’s banking system not as a break or due to poor performance as PM, ‘but because he has a deeper understanding than anyone else of the role the National Bank plays in the economy’.
The Head of State asked the National Bank’s leadership about any new measures proposed to support exporters, the approach they take to managing gold and foreign currency reserves and how the additional income is used.
“Having a larger amount of foreign currency is beneficial, but the currency must work,” Aleksandr Lukashenko stated. “We also need to maintain the necessary amount of reserves.”
The President emphasised that the most crucial issue is controlling inflation. The National Bank, together with the Government, is aiming to keep it at around 7 percent.
“Let me remind you, people need price stability, not stable price growth! We need fair prices so that people can buy what they need,” Aleksandr Lukashenko stated. He underlined that First Deputy PM Nikolai Snopkov bears personal responsibility for this.
The President noted that the draft forecast documents were thoroughly examined by the interdepartmental commission on economic security under the Security Council, as well as by the expert council under the Council of the Republic.
“There are relevant conclusions, which we will review today,” the Belarusian leader added.
