The Central Bank of Russia (CBR) Board of Directors will leave the interest rate at 7.5% at its meeting on February 10. This common guess Bloomberg and analysts.
Also, eight economists polled by Bloomberg expect the Russian regulator to keep the current rate at 7.5. Five of the six experts interviewed red blood cell also confirmed this hypothesis.
The Central Bank of the Russian Federation last changed the key rate in September last year, reducing it from 8% to 7.5%. At meetings in October and December, the regulator kept it at the same level. It is noted that the organizer usually does not change the rate for more than two consecutive meetings. This last happened in 2020-2021.
Following the onset of the pandemic, the Central Bank of the Russian Federation reduced the rate from 6.25% to a historic low of 4.25% (by July 2020), then held it at that level for four consecutive meetings until March 2021. After this period, monetary policy tightening started.
Vladislav Antonov, former financial analyst at BitRiver declarationHe said that the ruble rate in February will depend on the Russian Central Bank rate, the OPEC+ meeting and other factors.