Sberbank sees no reason to lower the key rate of the CBR on 30 October

Sberbank sees no reason to lower the key rate of the CBR on 30 October


The Central Bank of 11 September for the first time in 2015 left its key interest rate unchanged amid increased inflation expectations, the August collapse of the ruble and low oil prices. According to representatives of the savings Bank, it is likely that in the future the rate will be reduced.

MOSCOW, 28 Oct. The CBR has reason for cautious reduction of the key rate at the meeting on 30 October, the situation in Russian economy allows it, said the Deputy Chairman of Sberbank Bella Zlatkis.

The Bank of Russia at the meeting of 11 September for the first time since the beginning of the year left its key interest rate unchanged at 11 percent, amid increased inflation expectations, the August collapse of the ruble and low oil prices.

“Base to lower the rate is always inflation, that’s always the situation in the economy. The Central Bank is watching this very carefully, judging from the way he acts in this direction,” — said Zlatkis told reporters.

“If we are talking about today, if today to make decisions, some of the grounds I’d have, she said. — It seems to me that some of the grounds for cutting the rate is”.

“But the Central Bank certainly looks much further and deeper bet a significant impact on the situation in the economy, but I’m not inclined to wonder,” continued the Deputy Chairman of Russia’s largest Bank. “It seems to me that the economic situation is now such that very careful you can do those movements,” — said Zlatkis.