Saturday, 25, May, 2024

The Board of the Central Bank decided to cut the interest rate from 15% to 14% per annum, the press service of the CB said today.

According to the CB, a downward inflationary trend began in the economy after its peak values. Meanwhile, signs of a negative impact of tight external financial conditions on domestic economic activity are beginning to emerge.

The regulator underscored that the reduction of the rate by 1 percentage point would completely remove the additional burden imposed by the increase in interest rates in response to the risks in March last year.

Setting the rate at 14% per annum with a downward inflation forecast (8.5-9.5%) will also ensure the moderately tight monetary conditions.

 

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