On April 22, the Board of the Central Bank decided to keep the interest rate at 14% per annum, the Bank said. “This decision was aimed at balancing the decline in inflation and supporting economic activity in the context of economic recovery, as well as to maintain the slowing inflation and inflation expectations against the backdrop of risks of rising food prices in foreign markets,” the Central Bank said in a release.
The Central Bank will continue to carefully study the nature of the formation of inflation factors and risks, and make appropriate decisions on the interest rate, based on the projected inflation trend, the regulator concluded.
