The ruble strengthened against the background of reduction of the key rate of the Central Bank

© RIA Novosti / Vladimir Traveloperator in fotomancer. Archival photoThe ruble strengthened against the background of reduction of the key rate of the Central Bank© RIA Novosti / Vladimir Traveloperator the image Bank

The ruble reacted to the strengthening of the dollar and the Euro on the cautious decision of the CBR’s key rate, according to data from the Moscow exchange.

The Bank of Russia lowered the key rate to 9% per annum 9.25% per annum, although many analysts expect decrease in this indicator on 0,5 percentage points.

The dollar calculations «tomorrow» to 13.40 GMT was down 0.3 ruble — to 57,59 of the ruble, the Euro — 0.17 ruble — to 64,36 of the ruble, follows from the data of the Moscow exchange.

The dollar and the Euro weakened further by more than 10 cents after announcement of the decision of the Central Bank.

The regulator said that monetary conditions should remain moderately tight for a long time for anchoring of inflation close to the target level that supports the ruble, experts say.

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