The eyes of the financial system will probably be on the Central Financial institution this week, because it impacts funding merchandise similar to change charges and gold costs. The Financial Coverage Committee, which can convene to find out the rate of interest resolution in March, will announce the choice taken. So, what time will the assembly be?
WHEN AND WHAT TIME WILL THE CENTRAL BANK MARCH 2022 INTEREST DECISION BE ANNOUNCED?
The assembly for the third rate of interest resolution of 2022 will happen on Thursday, March 17, 2022. At 14.00, the CBRT will announce its resolution for March.
WHAT HAPPENED TO THE INTEREST DECISIONS THIS YEAR?
In 2021, the rate of interest was stored fixed at 17 p.c in January and February, and it was elevated by 200 foundation factors to 19 p.c in March. Within the conferences in April, Could, June, July and August, no new resolution was taken and the rates of interest have been stored fixed at 19 p.c.
In September, rates of interest have been reduce from 19% to 18%. In October, the coverage price was reduce by 200 foundation factors from 18 p.c to 16 p.c. Persevering with its price reduce in November, the CBRT reduce by 100 foundation factors and lowered the rates of interest to fifteen p.c.
Lastly, with the 100 foundation factors reduce in rates of interest in December, rates of interest have been decreased to 14 p.c.
It was determined to maintain it fixed in January and February 2022 and the rates of interest have been stored fixed at 14 p.c.