Kostin: the CBR may leave unchanged its key interest rate

Kostin: the CBR may leave unchanged its key interest rate


MOSCOW, December 7. The CBR may leave unchanged its key interest rate. Such opinion was voiced journalists on Monday the President – Chairman of VTB Andrey Kostin.

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“The end of the year rate may not be reduced. I do not exclude that the rate will remain at the same level”, – said the head of VTB.

According to him, the Bank of Russia in conditions of strong fluctuations in oil prices will be more careful when making the decision to change rates. At the same time, Kostin believes that next year the Central Bank will continue to reduce the key rate.

Earlier Kostin predicted that the Central Bank may lower the rate to 10.5%. Now the key rate of the Central Bank is only at 11%. The meeting of the Central Bank to reduce rates is scheduled for December 11.

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