Yes, as you read.
There is a controversy on if this was intentional, or just a bug introduced by Satoshi when he programmed Bitcoin. But the bug causes this money supply graph:
As you can see, after a large period of flat supply, it jumps again up with 50 btc per block, and the cicle repeats indefinetly.
Yes, I know, those are a lot of years, and not even our grandchildren will see it happening. But ey, better to have the future well tied!
The core programmer Pieter Wuille solved it in BIP-0042 ten years ago: