The National Bank announced it would maintain the key rate at 4.25%, signaling no change to its current monetary policy stance. Despite a recent interest rate hike in June, the central bank reiterated its preparedness to implement precautionary measures due to persistent uncertainties and risks within the economic environment. The bank confirmed that the discount rate remains stable, and the reserve rate is adequate to ensure the stability of the daily rate.
Regarding inflation, the annual rate for June stood at 3.4%, marking a decrease from previous forecasts. However, the central bank cautioned that confirming any definitive trend will require more time. This caution stems from the high degree of uncertainty generated by global geopolitical events, including conflicts in the Middle East and Ukraine.
These international developments continue to exert negative pressure on energy prices and, consequently, on the inflation rate. The National Bank’s decision to hold the key rate reflects a cautious approach, balancing the recent inflation data against ongoing global economic volatility.
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