The Central Bank lowered its key interest rate
The CBR decided on another reduction of the key rate, according to the report of the regulator.
The CBR decided on another reduction of the key rate, according to the report of the regulator.
It will decrease to 0, 25 percentage points and will reach 7% per annum, specified in the release.
the vast majority polled Last news analysts had expected this step. They explained, because It fits into a policy of systematically easing, but added that then the Central Bank will " take a pause ".
The previous reduction was in June - also at 0, 25 points. In July, the CBR announced the possibility of further decline, and a shift to a neutral monetary policy until mid-2020.
The key rate is the minimum interest rate at which the Central Bank provides loans to commercial banks for a week and which is ready to accept deposits. Its size affects the rate of inflation.
She was introduced on 13 September 2013 as a tool of monetary policy. It happened in the framework of transition to inflation targeting regime to increase transparency.
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