The percentage curve becomes flat and normalizes.

Picture 1.

This means that the market estimates inflation risks in the near future no more than in the distant future, and believes that the Central Bank rate will be lower. In a sense, we see an average percentage rate for many years, but the current trend is going down.

The weighted average rate, according to the Central Bank, is 8.45 percent for the period from 2013 to 2022, and the weighted average inflation rate for the same period is 6.8%.

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