The BOD of the Central Bank decided at its July 29 meeting to keep the interest rate unchanged at 14 percent per annum, the regulator's press service said in a statement.
The pace of inflation has slowed in recent months, the Central Bank noted. Price pressures persist due to certain supply-side factors and external economic conditions, while domestic demand continues to grow at a rapid pace.
Annual inflation accelerated to 6.4 percent in June. The Central Bank attributed this primarily to higher regulated tariffs on energy resources and the liberalization of coal prices.
Core inflation stood at 5.7 percent and has remained largely unchanged in recent months. The regulator warned, however, that the effects of higher regulated prices could spread to more persistent components of inflation in the second half of the year.
Continued inflationary pressure is also reflected in the growing share of goods and services that have risen in price by more than 5 percent, as well as the stalling decline in core inflation.
Inflation expectations among the public and businesses, meanwhile, have eased. In June, the figure stood at 10.1 percent among the general population and 9.9 percent among entrepreneurs.
The Central Bank maintained its inflation forecast for 2026 at 6.5 percent. The regulator expects current monetary conditions to gradually bring price growth down to the 5 percent target while keeping inflation expectations in check.
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