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The regulator maintained the key policy rate at 15.0%, postponing further monetary easing amid risks of intensifying inflationary pressures and deteriorating inflation expectations.
Annual headline CPI climbed to 7.6% in February from 7.4% in January. The pick up in CPI primarily came on the back of food as food prices accelerated to 9.7% in February from 9.5% a month before. Within the food category, fruits and vegetables were the key contributors to higher prices.
The gross international reserves of the NBU decreased 5% in February to US$54.8bn, an equivalent of 5.7 months of future import as per NBU estimates.
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