“The Central Bank of Russia kept the key rate at 21%. This happened after Elvira Nabiullina faced criticism from businessmen and the Ministry of Finance.”, — write: epravda.com.ua
The Central Bank of Russia kept the key rate at 21%. This happened after Elvira Nabiullina faced criticism from businessmen and the Ministry of Finance. The Moscow Times writes about it. It is reported that this was an absolute surprise for the market: most analysts expected an increase to 23%, allowing for a sharper step – up to 25%. After raising the rate to 21% at the end of October, the Central Bank warned that it would consider a further increase at this meeting – previously such a signal always led to an increase in the rate. In its commentary, the Central Bank explains this decision by the fact that its policy – and this year it already raised the interest rate from 16% to 21% – finally began to bear fruit: lending slowed down. Perhaps the colossal pressure exerted on the Central Bank by officials and oligarchs also played a role. Advertisement: Reminder: The head of the Central Bank of Russia, Elvira Nabiullina, is facing sharp criticism from the political and business elite due to record high interest rates.