Russia assessed the possibility of a key interest rate hike in 2024

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Most analysts write that the Central Bank of the Russian Federation does not expect new increases in key interest rates this year “Kommersant” According to the results of a survey conducted by the Center for Price Indices (CPI).

The previous consensus forecast suggested the rate would fall to 17% from the current 18% in the second half of 2024.

Economists now expect the Central Bank of Russia to ease monetary policy in April-June 2025. According to their forecasts, this rate could drop to 12% by the end of next year. The Central Bank’s forecast assumes that the average interest rate in 2025 will be 14-16% per year.

“A crossroads may develop in the formation of expectations regarding interest rates at the September-October meetings of the Central Bank of Russia, as the first data on lending will be announced after the conversion of preferential programs and the draft budget for 2025-2027,” the Central Intelligence Agency emphasized.

The Central Bank Board of Directors made a decision at its meeting on July 26. increase key rate of up to 18% per annum. Prior to this, the figure had remained at 16% for seven months.

Previously an expert clarifiedHow will the increase in key interest rates affect the rental market?

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