The Bank of Russia lowered the key rate to 6.25 percent
The CBR has lowered its key interest rate at 0, 25 percentage points to 6, 25% per annum, reported in circulation of the regulator.
The CBR has lowered its key interest rate at 0, 25 percentage points to 6, 25% per annum, reported in circulation of the regulator.
CB made this decision against the background of slowing inflation, which is faster than the forecast.
The regulator expects that the results of the year inflation will be 2, 9-3, 2%, in 2020 - 3, 5-4%.
the appeal stated that the Central Bank will assess the possibility of further reduction of the key rate in the first part of 2020.
CBR in June, July and September lowered its key interest rate by 0 25 percentage points, because of this, it reached 7% per annum, which was the lowest level since April of 2014.
The next reduction - from on 0, 5 percentage points - took place at the end of October.
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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