Alexei Zabotkin, vice-president of the regulator, said in September that an increase in the key rate of the Bank of Russia is possible, in order to maintain it, disinflation risks that currently do not exist must be realized. writes about it RIA News.
At its meeting on July 21, the Central Bank of Russia raised the key interest rate by 1 percentage point to 8.5% annually. At the same time, the Central Bank slightly changed its signal on the interest rate, stating that it allowed a further increase in the upcoming meetings, but did not indicate a gradual increase in the current inflationary pressure.
“For the interest rate to ultimately remain unchanged, disinflationary risks that are not currently observed really need to emerge,” Zabotkin said in an interview with the newspaper.News” In response to a question about a possible rate decision by the Bank of Russia in September.
Zabotkin recalled that the lower bound of the forecast for the key rate range – 8.5% – by the end of the year implies the possibility of remaining unchanged. “However, based on previous communication experience, there is a possibility that this will be done at the next meeting if the board agrees in its message that the rate can be increased at subsequent meetings,” the vice president said. Bank of Russia.
8 August Central Bank judicial The reason for the weakening of the ruble in July. The report stated that the ruble depreciated by 2.3% against the dollar in July, due to the decline in the trade balance.
former Central Bank increased sharply key rate to 8.5%.
Source: Gazeta
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