When making the decision on the parameters of the interest rate corridor, the dynamics of actual and forecast inflation, as well as processes in the domestic financial market, were taken into account.
It is noted that, on the one hand, the upward revision of the inflation forecast necessitates a tightening of monetary policy, while on the other hand, a significant excess of supply over demand in the foreign exchange market favors a loose monetary policy. The mutual balancing of these factors led to the preservation of the interest rate corridor parameters unchanged.
Annual inflation is within the target range and is moving in line with the forecast trajectory under the baseline scenario. In June 2026, inflation over the last 12 months stood at 5.8%. The annual price growth for food products, alcoholic beverages, and tobacco products was 7.1%, for paid services — 5.6%, and for non-food products — 3.8%. Annual core inflation was 5.5%.