Speaking at a joint meeting of the chambers of the national parliament, the financier, whose remarks are quoted by BELTA clarified that these were programs in the area of monetary regulation, information security and anti-money laundering legislation.
The other four, entrusted to the regulator, are at the final stage. The head of the National Bank recalled that these are programs on monetary policy, the regulation of financial markets, in the field of the protection of the rights of consumers of financial services and in the payment sector.
At the same time, according to him, during the work on the implementation of the union’s programs, the partners noted the similarity of monetary policy instruments, the comparability of banking regulations in accordance with international standards. “In the field of payments, the integration of BELKART and Mir payment systems, national financial information transfer systems, as well as instant payment systems has been ensured”, noted the speaker.
In addition, at the end of last year, rapid cross-border payments between individuals were successfully tested. At the same time, he added, “to ensure the proper security of payments made by individuals, national rapid payment systems are being finalized”.
And speaking of the outlook for the country’s monetary policy, Kallaur confirmed that it will retain its continuity. At the same time, he considers that the main task is to achieve the inflation parameters provided for by the five-year program and their stable consolidation in the future. In this regard, he pointed out that maintaining consumer price growth at the level of around five percent was determined as a medium-term target for low inflation.
It is precisely the guarantee of price stability for a long time, the financier said, which is the most important condition for the sustainable development of the country. First, according to him, it helps to ensure the stability of the purchasing power of citizens’ incomes and savings. At the same time, it will also ensure “the stability of the Belarusian ruble exchange rate, low interest rates in the economy, confidence in the national currency and a higher propensity to save in Belarusian rubles, the growth of long-term resources in the economy and increasing their role in investment processes,” he concluded.
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