Taking into account the inflation dynamics in July and August, there is a risk of a slight downward deviation of the short-term inflation forecast for Q3 2024 - NBM
This is stated in the materials of the National Bank, concerning the latest decision of the Executive Board of the NBM to keep the base rate applied to the main short-term monetary policy operations at the level of 3.6% per annum. As noted, given the dynamics of inflation in July and August, which was below the expected values, there is a risk of a slight downward deviation of the short-term inflation forecast for Q3 2024, with its disappearance in the next quarter. NBM points out that change in oil, food and commodity prices in the international market remain an important source of risk. The main uncertainties regarding the inflation outlook are related to agricultural production, regional and global tensions and risks of escalation. // 19.09.2024 - InfoMarket.
