According to bank data, inflation reached 10.5% in August and is expected to decrease by the end of the year to the forecasted indicators. At the same time, this year saw economic growth in industrial production, construction, and services sectors, which positively affected the balance between aggregate demand and supply.
The central bank plans to continue its strict monetary policy to achieve a 5% inflation target in the medium term. The next meeting to review the key rate is scheduled for October 24, 2024.
