The Central Bank kept the interest rate unchanged at 14% per annum, the Bank said in a statement today. Reportedly, a meeting of the Board of the Central Bank is taking place at this very moment. It made a decision to keep the interest rate unchanged at 14% per annum.
In January, March, April, June, September and October of this year, the Central Bank also kept the rate unchanged - 14% per annum.
At the beginning of 2018, the rate was at 14%, but in 2019 it rose to 16%.
In April 2020, the rate was dropped to 15%. During the coronavirus pandemic and in a difficult economic situation, the rate has not changed anyway. At the end of 2020, the rate was reduced to 14%.
