The regulator has
decided to cut the key rate for the sixth consecutive time.
MOSCOW, February 7.
/TASS/. Russia’s Central Bank decided to cut the key rate for the sixth
consecutive time at the first board meeting this year by 0.25 bp to 6% per
annum and holds open the prospect of further key rate reduction at its upcoming
meetings, the regulator said in a press release on Friday.
"On 7 February
2020, the Bank of Russia Board of Directors decided to cut the key rate by 25
bp to 6.00% per annum. Inflation slowdown is overshooting the forecast.
Households’ inflation expectations and price expectations of businesses remain
stable overall. In 2019 H2, the growth rate of the Russian economy picked
up," the Central Bank said. "If the situation develops in line with
the baseline forecast, the Bank of Russia holds open the prospect of further
key rate reduction at its upcoming meetings," the regulator added.
Source: ITAR-TASS
07-02-2020
