Draft budget: reference rate on average at 1.5% in 2019-2021

The reference rate may average 1.5 percent in 2019-2021, while in 2022 it will increase to 2.1 percent (on average over the period) and further to 2.6 percent in 2023, according to the draft budget for the next year.

The government assumed that the average annual CPI inflation will amount to 2.5 percent in 2020-2023 against 1.8 percent expected this year.