The Central Bank of the Russian Federation may increase the policy rate by 50-100 basis points at the meeting of the Board of Directors on September 15. Such a prediction to the newspaper “Izvestia” given Portfolio manager of Alfa Capital Management Company Evgeny Zhornist.
The expert explained that the decision of the regulatory board will depend on the risk balance at the time of the meeting and that the tightening in monetary policy will not be a surprise.
A key increase in September is possible, and to sustain it, it is necessary to realize disinflationary risks that do not exist at the moment, declaration Central Bank Deputy Governor Alexei Zabotkin in an interview with Izvestia on August 9.
Now the key interest rate is 8.5% per annum. The regulator raised 100 basis points on July 21. He explained this decision with the current inflation rate exceeding the target of 4% on an annual basis. Sovcombank Chief Analyst Mikhail Vasiliev in an interview with socialbites.ca in July acceptedHe said the rate could be increased by 50 basis points on September 15. By the September meeting, annual inflation will already exceed 5% and more action is required by the regulator, he said.
Formerly socialbites.ca saidhow the key ratio affects the life of Russians.