no, it opts for an unlimited supply with the restriction of 0.6 new Monero for every new block. its about 432 new coins per day forever. the current inflation rate is ~0.85% and will continue to drop in the future as those 432 new coins per day make up less and less of the total supply. at 18.4 million coins (where we are now) inflation is 0.85696%. at 20 million that will be 0.7883%, at 25 million it will be 0.63072%, and so on. it will never hit absolute zero but will come close enough to be totally insignificant. the reason for this is to replace lost coins from key mismanagement, etc.