Nabiullina described the approach of the Central Bank to lower the key rate

© RIA Novosti / Sergey Pathiterator in fotoreceptor Central Bank of the Russian Federation Elvira Nabiullina on a press-conferences in Moscow. 16 Jun 2017Nabiullina described the approach of the Central Bank to lower the key rate© RIA Novosti / Sergey Pathiterator the image Bank

The approach of the Central Bank of the Russian Federation to the reduction of the key rate will remain prudent and cautious., Chairman of the Bank of Russia Elvira Nabiullina.

The Bank of Russia on Friday cut the key rate to 9% from 9.25% per annum, although many analysts expect decrease in this indicator on 0,5 percentage points. The regulator this year has already managed twice to reduce the key rate in March by 0.25 percentage points in April to 0.5 percentage points.

«It is important to build the trust of all participants in the economy to our ability to achieve the inflation close to 4% for a long time, so our approach to the reduction of the key rate will remain prudent and cautious,» — said the head of the Central Bank at a press conference following the meeting of the Board of Directors.

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