June 7, 2025
Central Bank of Russia reduced a key interest rate by 1 percent thumbnail
Economy

Central Bank of Russia reduced a key interest rate by 1 percent

Since July 2023, the key interest rate in Russia increased from 7.5 to 21%”, – WRITE: www.radiosvoboda.org

On June 6, the Central Bank of Russia announced a reduction in the key rate on loans from 21% to 20%.

According to the institution, current inflation pressure continues to decline:

“At the same time, internal demand is still ahead of the possibility of expanding the supply of goods and services, the Russian economy is gradually returning to the trajectory of balanced growth.”

Read also: New EU sanctions against Russia: What is the cause of delay?

Since July 2023 The key interest rate in Russia increased from 7.5 to 21%. At this level, it remained since October 2024.

The head of the Central Bank Elvira Nabiullin said that if the inflation stops declining and it will increase, the new increase in the key rate is not excluded.

Nabiullin regularly undergone a sharp criticism by representatives of large Russian business, which demanded that it weaken the rigid credit policy of the central bank, as it threatens stagflation and rising federal budget expenditures. The head of the institution explained the refusal to reduce the key rate by the threat of high inflation in Russia.

Related posts

Microsoft повернула собі статус найдорожчої компані світу: вона в захваті від ШІ

unn

Фондовий ринок США відреагував на несподівані дані щодо ринку праці

unn

Мита Трампа б’ють по імпорту — ціна зросте на понад 100 мільярдів

unn

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More