Central Bank lowered its key interest rate
The CBR has lowered its key interest rate at 0, 25 percentage points, to 6% per annum, reported in circulation of the regulator.
The CBR has lowered its key interest rate at 0, 25 percentage points, to 6% per annum, reported in circulation of the regulator.
This is the sixth consecutive reduction of the key rate.
So, in June, July and September, the Central Bank reduced it to 0, 25 percentage points, in October - just 0, 5, PP
at the beginning of winter, the regulator once again cut rates by 0, 25 percentage points, lowering it to 6, 25% per annum and updating at least since March 2014. While the West has imposed punishment against Russia because of events in Ukraine and the key rate was increased from 5, 5% to 7%.
The Central Bank allowed further reduction at the next meeting.
in addition, the regulator upheld its forecast for inflation this year to 3, 5-4%, while the forecast for GDP growth in 1, 5-2% in 2020.
The Central Bank decision coincided with the market expectations. So, the vast majority of those polled Last news analysts noted that the slowdown of inflation in the Russian Federation shall outweigh the risks to the world economy the spread of Chinese coronavirus.
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