The Central Bank of the Russian Federation lowered the key rate to 18% per annum
The Central Bank of the Russian Federation lowered its key rate to 18% per annum. This was announced on July 25 by the press service of the regulator.
Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, said on July 20 that by the end of the year the key rate in the Russian Federation could drop to 15%, while the optimal value for the Russian economy is 7%. He noted that now there are different options for the development of the situation by the end of this year, but he assumes that the rate will drop to 15%.
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