Gref announced the possibility of a key rate of 12% to balance the economy
The fixed key rate at 12% per annum will help balance the movement of the economy in Russia, this assumption was expressed on February 26 by the head of Sberbank, German Gref, during a conference call with analysts.
The economist noted that the experts of the financial institution were trying to understand at what rate the downward trend in the economy could change to a slight increase in investment activity.
"According to our feelings, this rate is around 12% per annum. Therefore, we are waiting for this rate to be reached as quickly as possible in order to balance the movement of the economy," TASS quoted Gref as saying.
On February 13, the Central Bank of the Russian Federation lowered its key rate to 15.5% per annum. In a statement, the regulator noted that the Russian economy continues to return to a balanced growth trajectory.
The head of the Central Bank of Russia, Elvira Nabiullina, admitted that in the future there may be an even greater reduction in the key rate (by more than 0.5 percentage points), and this process may also be frozen for some time.
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