Deputy: the Central Bank is unlikely to reduce the key rate

Deputy: the Central Bank is unlikely to reduce the key rate


On Friday, the Central Bank holds a regular meeting of the Board of Directors, which will decide on the key rate.

MOSCOW, 29 Jan. The business community hopes that the Central Bank on Friday decided to reduce the key rate, but realizes that in conditions of instability in the currency markets, the regulator is unlikely to take this step, said the head of the Duma Committee on economic policy, President of the Association of regional banks of Russia Anatoly Aksakov (“Fair Russia”).

Speaking at the meeting of the state Duma, the Deputy reminded that on Friday the Central Bank holds a regular meeting of the Board of Directors, which will decide on the key rate. She is now at 11%.

“Of course, the business community is waiting for information about what the rate will be reduced. It will be a signal that the Central Bank, firstly, in control of the situation, and secondly that interest rates on the loans that they can get in banks will be lower. On the other hand, the professional community understands that the so-called high volatility of the rouble, volatility in Forex markets, it is unlikely the Central Bank will take today such an important decision”, — said Aksakov.