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International Monetary Fund. Monetary and Capital Markets Department

projections. This report would need to be phased in when the NBRB officially moves to inflation targeting framework. The new report should usefully replace the current NBRB flagship publication “Main Tendencies in Economy and Monetary Sector in the Republic of Belarus”, which lacks forward-looking policy perspective, is descriptive in nature and is published with a significant lag of two month: all these characteristics diminishing the role of this publication of being a timely policy communication tool. 17. Given the fact that the next forecasting round is planned for