The Central Bank announced in February 2024 that a special document has begun to be published, which will detail all the discussions before the interest rate decision. Such resumes will reportedly appear soon Web site regulator
It was noted that the document will be made public on the sixth business day after each decision regarding the interest rate. In the publication of the Bank of Russia it is called “Summary”.
“The document will reflect the discussion on the key interest rate decision during the ‘week of silence’ and at the Central Bank board meeting,” the regulator said in a statement.
In this case, the summary will also include alternative solutions. According to the Central Bank’s decision, there will be arguments both for and against the final actions regarding the key interest rate. However, attitudes towards the decision will be stated without directly identifying those participating in the discussion.
On the morning of January 30, the head of the Central Bank, Elvira Nabiullina, in an interview approvedWhile the Bank of Russia sees an opportunity to reduce the key interest rate, it said that the conditions for this will emerge in the second half of 2024.
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