The rate of reduction of the key rate in 2018 will be lower, said the Central Bank

© RIA Novosti / Natalia to Seliverstova in photobacteria Central Bank of Russia. Archival photoThe rate of reduction of the key rate in 2018 will be lower, said the Central Bank© RIA Novosti / Natalia to Seliverstova the image Bank

The rate reduction by the Bank of Russia key rate in 2018 will be lower than this, as it weakened the impact of the regulator’s monetary policy on the rate of inflation in the country, the first Deputy Chairman of the CBR Ksenia yudayeva.

«Next year the rate of decline (the key rate – ed.) may change, because we must remember that the Central Bank affects inflation with a time lag, that is our monetary policy now affects the inflation rate in about six months or more, not in the coming months,» said Yudaeva, the TV channel «Russia 24».

Yudaeva also said that the dynamics of inflation are quite positive this year, inflation expectations started to decrease. This allows the regulator to cut the rate further, given the risks that it sees in the second half of this year.

CBR at the end of April lowered its key rate by 0.5 percentage points to 9.25% per annum. This is the second rate reduction this year, in March, the decline was by a quarter percentage point. In 2016, the Bank of Russia has twice lowered the rate in June and September, both times on 0,5 percentage points.

Source

Be the first to comment on "The rate of reduction of the key rate in 2018 will be lower, said the Central Bank"

Leave a comment

Your email address will not be published.


*