The policy rate was kept unchanged at 15% per annum. Real GDP had expanded 5.7% in 2022. The official source separates completed actions from forecasts, targets and undisbursed financing.
At the January policy meeting, the policy rate was kept unchanged at 15% per annum, while reported real GDP had expanded by 5.7% in 2022.
Headline inflation ended 2022 at 12.3%, while core inflation reached 13.8%. The CBU projected 2023 GDP growth of 4.5–5.0% and year-end inflation of 8.5–9.5%. The next policy meeting was scheduled for 16 March 2023.
The decision established the year's opening benchmark for government-bond yields, soum funding costs, bank lending and the discount rates applied in valuation work.
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