The monetary base reached five percent year-on-year.

Figure 1.

The money supply is growing because loans are growing.

This can be seen from the ratio between M2 and the monetary base.

Figure 2.

As the growth rate of loans decreases, the Central Bank's rate will also decrease.

We will be able to predict this when the rates on daily loans such as Ruonia and Rusfar fall.

Figure 3.