At its BOD meeting on October 26, the Central Bank decided to keep the interest rate at 14% per annum, the regulator’s press service reported.
Reportedly, inflationary processes and expectations in the economy, after a decline in the first year-half, accelerated somewhat against the backdrop of changes in the supply of goods and inflationary factors on the demand side.
The current level of the rate is expected to serve to ensure the necessary monetary conditions for the formation of inflation within the forecast indicators by the end of the year.
Year-to-date, overall inflation has been developing in a downward trend, but in the last quarter it accelerated to 9.2%. Among the structural factors, the acceleration of food price growth to 11% and the increasing contribution of changes in regulated prices to the overall level of inflation stand out.
