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Bank of Russia to cut key rate by 0.25 pp to 4% at next meeting, says State Duma member
Anatoly Aksakov does not rule out that the key rate in Russia may go down even below 4% if deflation factors prevail over inflation factors, he said, adding though that it is unlikely
MOSCOW, January 16. /TASS/. Russia’s Central Bank may reduce the key rate by 0.25 percentage points to 4% at its next meeting in February, Chairman of the State Duma’s Financial Markets Committee Anatoly Aksakov told TASS on the sidelines of the Gaidar Forum. If the ongoing trend persists in February, I assume that the Central Bank may cut the key [rate] by 0.25 percentage points and fix it at the level of 4%, with all depending on the environment on the oil market, the pandemic situation and, consequently, on how the macroeconomic situation will unfold in all leading countries: the US, Europe and China, he said.