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    Home»Ministers»The Bank of Russia made a decision on the key rate
    The Bank of Russia made a decision on the key rate
    Ministers

    The Bank of Russia made a decision on the key rate

    Justus BrethauerBy Justus BrethauerOctober 28, 2022No Comments1 Min Read
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    Photo: https://russian.rt.com/

    The Board of Directors of the Central Bank of the Russian Federation decided to keep the key rate at the current level (7.50% per annum), the correspondent reports. DOPs with reference to website regulator, where the press release is published.

    According to the Bank of Russia, consumer price growth rates remain generally low, contributing to a further slowdown in annual inflation. But inflation expectations of the population and business are at an elevated level and slightly increased compared to the summer.

    At the same time, according to the Central Bank of the Russian Federation, the inflation forecast for the end of this year has been adjusted to 12.0–13.0%.

    Previously Regulator informedthat in the third quarter of this year, the value of exports of goods and services significantly slowed down annual growth compared to the second quarter. According to the regulator, this situation has developed due to a slowdown in the growth rate of world commodity prices.

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