Central Bank Keeps Key Rate at 13.5%
Economy
On December 12, 2024, the Central Bank decided to keep the key rate at 13.5% annually. This decision is related to the ongoing high demand in the economy, the pressure on prices, and the elevated inflation expectations.
At the end of the year, inflation is expected to remain at the upper limits of the forecast range. In recent months, inflation has gradually decreased, reaching 10% in November. While food prices have stabilized, the prices of services and non-food goods continue to rise.
The strict monetary policy is being maintained to help reduce inflation to 5%. High demand in the economy and growing wages could continue to exert inflationary pressure.
The next meeting regarding the key rate is scheduled for January 23, 2025.
The strict monetary policy is being maintained to help reduce inflation to 5%. High demand in the economy and growing wages could continue to exert inflationary pressure.
The next meeting regarding the key rate is scheduled for January 23, 2025.
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