Republic of Belarus : Technical Assistance Report-Monetary Policy Modeling

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

May 15, 2020

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The National Bank of the Republic of Belarus (NBRB) is reforming its monetary policy framework in line with recommendations of past IMF TA missions and its Road Map for Transitioning to Inflation Targeting with the aim of eventually adopting inflation targeting (IT). Transitioning to IT would require, among other strengthening the monetary policy forecasting and analysis system (FPAS) and better integrating the core quarterly projection model (QPM) into the decision-making process. This mission was the seventh in a planned series of quarterly FPAS TA missions. It was mainly aimed at helping with reviewing the initial conditions and compiling a QPM-based forecast as a part of the NBRB’s September forecasting round. The mission, in addition, worked on strengthening processes within the FPAS.

Series:

Country Report No. 2020/162

Subject:

English

Publication Date:

May 15, 2020

ISBN/ISSN:

9781513544168/1934-7685

Stock No:

1BLREA2020001

Format:

Paper

Pages:

14

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