Date: 4 weeks ago   Category: Economy

The Central Bank of the Russian Federation reduced the predicted rate of inflation

The Central Bank of the Russian Federation for the first time in 15 months changed a key interest rate and also corrected the forecast for the rate of inflation by the end of the year. As it is reported on the regulator website, in department came to a conclusion about need of decrease in a key interest rate by 25 percentage points, up to 7.5%. The Central Bank explained that the board of directors made such decision against the background of inflation delay. Besides, the Central Bank announced reduction of the rate of inflation expected by the end of the year. According to experts, by 2020 growth will be from 4.2 to 4.7%, but not from 4.7 to 5.2%, predictably earlier. Such changes are connected with low growth rates of the Russian economy. Photo: VSE42.Ru to Share: bank of Russia inflation key interest rate of the Central Bank Central Bank