Why is this important
The rate decision influences the value of loans and deposits within the economy. Against the backdrop of inflation and fluctuations in the dollar exchange rate, the market anticipates whether the regulator will maintain or alter the rate.
What happened
- Initially, the meeting was scheduled for 24 July, but was postponed due to the late publication of economic data.
- The Central Bank’s press conference is scheduled for 11 September, and media accreditation is open until 10 September.
Context
The Central Bank’s key interest rate is currently 14% (from March 2023). Recent decisions were made against the backdrop of slower inflation and a strengthening soum. The market is discussing the possibility of lowering the rate to stimulate lending.
