The speaker believes that the reduction of the key rate of the Central Bank in 2016

The speaker believes that the reduction of the key rate of the Central Bank in 2016


The Ministry did not specify when, in his opinion, there could be a rate increase. Ulyukaev said that the decision of the Central Bank about keeping rates coincided with his expectations.

MOSCOW, 1 Feb. The head of the Ministry of economic development Alexei Ulyukayev believes that the Central Bank has the ability to reduce the key interest rate in 2016.

“I think, perhaps,” said the speaker reporters, responding to a question.

He did not specify when this may occur is in the first or second half of the year.

In General, according to Ulyukayev, the Central Bank’s decision on keeping rates coincided with his expectations.

The Bank of Russia on Friday at this year’s first meeting of the Board of Directors has again kept its key interest rate at 11% per annum. While the regulator has sharply changed the tone of its statement, adding in a press release on a possible tightening of monetary policy.