It has been reported that due to the steady slowdown in inflation, the Bank of Russia will make every effort to reduce the key interest rate TASS Referring to the statement of the first deputy chairman of the Central Bank, Vladimir Chistyukhin.
According to him, the regulator will be ready to reduce the rate. “With inflation and inflation expectations falling steadily, we will make every effort to ensure that the key interest rate falls,” Chistyukhin said. According to the speaker, this situation will also affect the decrease in banks’ loan interest rates.
At the end of last week, another Deputy Governor of the Central Bank of Russia, Alexey Zabotkin registeredIt was stated that as of October 2, 2023, inflation in the Russian Federation was 5.9%. At the same time, according to the regulator, who predicts that inflation may rise to 6-7 percent by the end of the year, the rigidity of monetary policy will need to be maintained to return inflation to the target level next year. Currently the Central Bank’s key interest rate is 13% per annum. The last 1 point increase occurred on September 15. Before this, the regulator was constantly increasing this rate from 8% annually.
Previously Reshetnikov appreciated Consequences of high interest rate of the Central Bank of the Russian Federation.