The CBR has lowered its key rate by one percentage point for the first time in 5 years - up to 4, 5% per annum, renewing Its historical minimum. The decision was in line with market expectations. After the March paused on the background of the pandemic in April, the Central Bank reduced the rate to 5, 5%, returning It to the level of a historical minimum at the end of 2013 - beginning of 2014 and coming to accommodative monetary policy. then the head of the regulator Elvira Nabiullina said that there is still significant room for easing, but to apply it in one step or even before the end of the year is optional. Anyway this option was considered. Interviewed Last news analysts predicted the reduction of the key rate at once on one percentage point due to the need for a speedy recovery. The key rate is the minimum interest rate at which the Central Bank of Russia lends to commercial banks and which is ready to accept deposits. Its size affects the rate of inflation. <span style="color:darkgray