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Minister: Russian Central Bank may reduce interest rates
Finance
- 30 July, 2016
- 12:27
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Baku. 30 July. REPORT.AZ/ Russian Central Bank may reduce interest rates below 10%.
Report informs referring to the Russian media, Russian Minister of Economic Development Alexey Ulyukayev said annual inflation in Russia may decline to 5% in July 2017.
"I believe this is fairly probable. A huge margin for interest rates cut exists exactly on that basis," A.Ulyukayev said.
"Interest rates may be down below 10% to the year end", he added.
Notably, the Bank of Russia made a decision on July 29 to keep the key rate of 10.5%. Such a decision and moderately tough monetary policy may contribute to reaching the 4% inflation target by 2017, the regulator said earlier.
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