REFINANCING RATE HAVE BEEN PRESERVED AT EXISTING LEVEL

The Board of the Central Bank on January 26, 2019 decided to leave the refinancing rate unchanged at 16% per annum. The current value of the refinancing rate was established on September 25, 2018. The dynamics of changes in the refinancing rate of the Central Bank are here. This decision is based on the need to maintain anti-inflationary monetary policy, maintain positive real interest rates and lower inflation expectations. The report of the regulator provides information on inflation and inflation expectations, the internal and external conditions of economic activity, the monetary conditions of the decision, as well as forecasts and key risks. The next meeting of the Board of the Central Bank to review the refinancing rate is scheduled for April 20, 2019.