Flash Note

Dear subscriber [name],

We are sending our most recent Flash Note.


  • Year-on-year inflation in September reached the lows of January 2020 and is now only 0.16pp above the BNA's short-term target and is certain to reach it as early as October;

  • The deceleration of the general level of prices supports the recent action of the BNA;

  • Year-on-year inflation continued to decline, and our estimate indicates that it will end the year between 14-15%.

Best regards,

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