The Board of Directors of the Central Bank of the Russian Federation today decided to change the key rate, it will be reduced to 7.50% per annum, a correspondent reports. DOPs with reference to website statement Bank of Russia.
The press release also says that current consumer price growth remains low, contributing to a subsequent slowdown in annual inflation.
The next meeting, where the fate of the key rate will be decided, will be held next month, October 28.
Last month RBC wrotethat the Ministry of Economic Development of Russia has improved most of the forecast indicators for the current year.