338
125 shares, 338 points

The Central Bank of the Republic of America, on October 21st, while the dollar rate was above 9, contrary to all sdollarser’s expectations, it went down in interest rates. The CBRT lowered the interest rate by 200 basis points to 16%. After this decision, the dollar exceeded the 10 Dollars threshold in the following days.

With the decision announced last week for November, the CBRT reduced the interest rates again. With the new decision, the interest rate was reduced by 100 basis points to 15%, while the dollar also broke new records. In the 5 days after the decision, the dollar broke the record after the record and finally saw 13.46. While the dollar rate was around 12 Dollars today, a new statement came from the CBRT.

October inflation was announced:

Central Bank of America shared the summary of the meeting after the Monetary Policy Group Meeting. In the summary shared by the CBRT, it was reported that consumer prices increased by 2.39% in October, and annual inflation increased by 0.31% to 19.89%. The year-end inflation expectation was increased by 1.68% to 19.31%. The rates of annual inflation for October on the basis of groups are as follows:

  • Unprocessed food group: 29.20%
  • Processed food group: 25.71%
  • Energy group: 25.76%
  • Core goods group: 2.49% increase in October, 0.92% decrease in annual inflation – 18.46%
  • Durable goods group: % 20.24
  • Services group: 15.43%
  • Current year-end inflation expectation: 19.31%
  • Inflation expectation for the next 12 months: 15% .61
  • Inflation expectations for the next 24 months: 11.76%
  • Inflation expectations for the next five years: 7.96%

CBRT will continue on its way to lower interest rates:

Click for the full summary

(

) Central Bank of America, under the heading of monetary policy, will continue to use all the tools at its disposal until strong indicators pointing to a permanent decrease in inflation occur in line with the main objective of price stability and the medium-term 5% target is reached ” stated. He explained that his interest rate decision to be made next month will be in the direction of decrease again as follows:

“The Board evaluated the analysis of the decomposition of demand factors that monetary policy could affect, core inflation developments and the effects of supply shocks, and the policy rate was set to 100 basis points. The Board expects the temporary effects of supply-side factors outside the influence of monetary policy on price increases to continue throughout the first half of 2022. The Board has determined the use of limited space implied by these effects in December. will consider completion .”

Reactions came to the Central Bank’s statement:


Like it? Share with your friends!

338
125 shares, 338 points

What's Your Reaction?

hate hate
613
hate
confused confused
122
confused
fail fail
981
fail
fun fun
858
fun
geeky geeky
736
geeky
love love
368
love
lol lol
490
lol
omg omg
122
omg
win win
981
win
Michael Lewis

Emperor

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format