The key rate meeting of the Central Bank of the Russian Federation and the Battle of Waterloo are events that cannot be compared in terms of the scale of the consequences. This opinion was expressed by BitRiver financial analyst Vladislav Antonov in a conversation with socialbites.ca, adding that he would therefore not compare them. This is how the financier commented on the relevant statement by Dmitry Pyanov, the first deputy chairman of the VTB board of directors.
“Increasing the interest rate seems to be an extremely logical and expected step in the current economic conditions. Inflation is indeed high and the Central Bank is trying to control it. Therefore, I agree with the experts’ predictions that the rate will increase to 14-15 percent. How much of this will depend on the regulator’s assessment of the current situation,” Antonov explained.
In any case, he said, the Central Bank’s decision on the interest rate is important and will affect the Russian economy.
“But I do not describe this as a fate that determines the development of the country for the coming year. Rather, this is another step of monetary policy in the current difficult conditions,” Antonov explained.
Dmitry Pyanov, First Deputy Chairman of the Board of Directors of VTB on Thursday statedThe key rate meeting of the Central Bank of the Russian Federation may be comparable in importance to the Battle of Waterloo.
Previously in Russia guess key rate level.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.