devaluation
![National Bank has reduced abilities to regulate size of international reserves](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1426571646_0.jpg)
National Bank has reduced abilities to regulate size of international reserves
April 22, 2016
![National Bank reduces share of forex revenues firms have to sell](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1425367714_0.jpg)
National Bank reduces share of forex revenues firms have to sell
April 22, 2016
![Belarus officially acknowledges devaluation of its currency](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1421135980_0.jpg)
Belarus officially acknowledges devaluation of its currency
April 22, 2016
![New government plans tough austerity measures](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1421135596_0.jpg)
New government plans tough austerity measures
April 22, 2016
![Economic situation: ignoring economic laws leads to crisis](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1419954173_0.jpg)
Economic situation: ignoring economic laws leads to crisis
April 22, 2016
![Economic situation: prognosis for 2015](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1419954021_0.jpg)
Economic situation: prognosis for 2015
April 22, 2016
![Belarusian food exports to be priced in US Dollars](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1418108968_0.jpg)
Belarusian food exports to be priced in US Dollars
April 22, 2016
![Fall in oil prices prompt Belarusian government to lower 2015 economic development indices](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1417498454_0.jpg)
Fall in oil prices prompt Belarusian government to lower 2015 economic development indices
April 22, 2016
![Lower interest rates will mean lower profits in banking business](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1416295691_0.jpg)
Lower interest rates will mean lower profits in banking business
April 22, 2016
![National Bank ignores Belarus’ economy losses from Russian rouble devaluation](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1413870819_0.jpg)
National Bank ignores Belarus’ economy losses from Russian rouble devaluation
April 22, 2016
![National Bank changed its mind regarding lower discount rate by January 1st, 2015](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1413266250_0.jpg)
National Bank changed its mind regarding lower discount rate by January 1st, 2015
April 22, 2016
![National Bank pushes for lower interests on corporate loans](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1412663162_0.jpg)
National Bank pushes for lower interests on corporate loans
April 22, 2016
![Lower loan interest rates led to record number of outstanding loans](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1409640574_0.jpg)
Lower loan interest rates led to record number of outstanding loans
April 22, 2016
![Higher income tax to improve 2015 budget balance](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1409035168_0.jpg)
Higher income tax to improve 2015 budget balance
April 22, 2016
![Belarusians regained confidence in national currency deposits](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1408430674_0.jpg)
Belarusians regained confidence in national currency deposits
April 22, 2016
![Two-month break for Belarus’ international reserves](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1407820529_0.jpg)
Two-month break for Belarus’ international reserves
April 22, 2016
![National Bank measures to reduce consumer lending lower banking sector profits](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1407223863_0.jpg)
National Bank measures to reduce consumer lending lower banking sector profits
April 22, 2016
![National Bank outlines monetary policy goals until late 2014](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1406009366_0.jpg)
National Bank outlines monetary policy goals until late 2014
April 22, 2016
![In July 2014 National Bank did not dive into international reserves to meet foreign exchange market’s demand](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1405412186_0.jpg)
In July 2014 National Bank did not dive into international reserves to meet foreign exchange market’s demand
April 22, 2016
![Government liberalises prices of eggs and some breads](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1404802052_0.jpg)
Government liberalises prices of eggs and some breads
April 22, 2016
![Government and National Bank can relax about international reserves for next two months](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1404199718_0.jpg)
Government and National Bank can relax about international reserves for next two months
April 22, 2016
![Economic lending frozen pending further reduction of loan interest rates](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1404197246_0.jpg)
Economic lending frozen pending further reduction of loan interest rates
April 22, 2016
![Belarus’ external debt will rise](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1402984677_0.jpg)
Belarus’ external debt will rise
April 22, 2016
![Reduced interest rates on deposits create favourable environment for liquidity crisis in Belarus](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1402984513_0.jpg)
Reduced interest rates on deposits create favourable environment for liquidity crisis in Belarus
April 22, 2016
![Belarus’ lending policy jeopardises national currency’s stability](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1402380134_0.jpg)
Belarus’ lending policy jeopardises national currency’s stability
April 22, 2016
![National Bank risks turning off depositors by supporting real sector](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1400570208_0.jpg)
National Bank risks turning off depositors by supporting real sector
April 22, 2016
![Exchange market approaching equilibrium](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1399964867_0.jpg)
Exchange market approaching equilibrium
April 22, 2016
![National Bank to reduce consumer imports](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1398753816_0.jpg)
National Bank to reduce consumer imports
April 22, 2016
![Cheap loans only for select few businesses and industries](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1397550332_0.jpg)
Cheap loans only for select few businesses and industries
April 22, 2016
![National Bank has lost domestic sources to replenish international reserves](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1396938030_0.jpg)
National Bank has lost domestic sources to replenish international reserves
April 22, 2016
![National Bank continues to reduce interest rates](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1395730439_0.jpg)
National Bank continues to reduce interest rates
April 22, 2016
![Government continues to stimulate price-growth](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1395729881_0.jpg)
Government continues to stimulate price-growth
April 22, 2016
![On January 1st, 2014, Belarus’ gross foreign debt was 54.8% of GDP](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1395129312_0.jpg)
On January 1st, 2014, Belarus’ gross foreign debt was 54.8% of GDP
April 22, 2016
![Shape of foreign exchange market points to deceleration of business activity in Belarus](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1394522097_0.jpg)
Shape of foreign exchange market points to deceleration of business activity in Belarus
April 22, 2016
![Ukraine’s currency devaluation creates new challenges for Belarus’ foreign trade](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1393919990_0.jpg)
Ukraine’s currency devaluation creates new challenges for Belarus’ foreign trade
April 22, 2016
![High interest rates on ruble deposits reduced devaluation fears](https://belarusinfocus.pro/wp-content/uploads/2016/04/pictures1392707608_0.jpg)
High interest rates on ruble deposits reduced devaluation fears
April 22, 2016