Republic of Belarus

International Monetary Fund. Monetary and Capital Markets Department
2020 IMF Staff Country Reports  
The NBRB has made substantial progress in improving its forecasting and policy analysis system (FPAS) and integrating it into monetary policy decision-making. The FPAS, and the model-based forecasts and policy analysis, is now well integrated into the policy-making process. Staff are well trained and have become experienced in using the tools developed for policy analysis and forecasting. The forecasting and decision-making process is well structured and has helped increase the two-way
more » ... he two-way interaction between staff and the NBRB board—additional and less formal interaction between staff and board members in between the formal meetings may help enhance the process further.
doi:10.5089/9781513548630.002 fatcat:rsiqdhuxrjctznls6fpgmqfj4u