Russian President Vladimir Putin expressed his hope that the Central Bank of the Russian Federation’s interest rate increase will be a temporary measure. Quoted RIA News.
Special mechanisms are needed in the context of increasing the key rate of the Central Bank of the Russian Federation, the head of state said at a meeting on support of investment projects in domestic industry. He hopes that increasing the key interest rate of the Central Bank will be a temporary measure to combat inflation, and the country’s authorities will soon achieve the key indicators they have set for themselves.
February 16, Governor of the Central Bank of Russia Elvira Nabiullina spokeIt is stated that the regulator sees room to reduce key interest rates but plans to reduce them gradually.
Previously, Vladimir Bragin, Director of Financial Markets and Macroeconomics Analysis at Alfa Capital Management Company statedHe said the Bank of Russia’s interest rate will be reduced in 2024 and could reach 12% by the end of the year.
At the meeting of the board of directors of the Central Bank of the Russian Federation on February 16 left The base rate remains unchanged at 16% per annum.
Previously reportedHe said that Russians started to save more due to rising inflation and the interest rate being increased to 16%.