CBRT Say Monetary Tightness Required to Establish Disinflation is Achieved

Highlights from the policy statement:

• Taking into account the lagged impact of monetary tightening, the Committee assesses that the monetary tightness required to establish the disinflation course is achieved and that this level will be maintained as long as needed.
• The Committee assesses that the current level of the policy rate will be maintained until there is a significant decline in the underlying trend of monthly inflation and until inflation expectations converge to the projected forecast range.
• The Committee will reassess the stance of monetary policy if notable and persistent risks to inflation outlook emerge.
• In addition to policy rate decisions, the Committee will continue to implement quantitative tightening by extending the sterilization tools at its disposal in order to support the monetary tightening process.

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