Belarus’s central bank governor Pavel Kallaur predicted the country’s inflation will soon come down from its current double-digit rates.

“Our forecasts are optimistic. We expect that the inflation has passed its peak and will be slowing down gradually,” said Kallaur, according to a report from official wire service Belta on October 24.

Consumer price index inflation was 17.4% year on year in September, according to official figures. The central bank raised its refinancing rate by 275 basis