We present a new issue of the analytical bulletin "Expert opinion" within the project Belarus Economy Monitor.
INSTITUTIONAL WEAKENING OF THE NATIONAL BANK AND ITS CONSEQUENCES FOR PRICE AND MACROECONOMIC STABILITY
The National Bank of Belarus is effectively losing its status as an autonomous authority and increasingly submitting to the current interests of the executive branch. However, the shift in monetary policy focus from price stability to administrative support of GDP growth intensifies economic overheating, weakens the institutional foundations of development, and increases vulnerability to external shocks.
Read the full study at the link.