Stock market quotes, forex, financial news, forex tools –

No surprises: Central Bank retains a key rate

 Breaking News
  • Global demand for oil grows The International Energy Agency (IEA) has published a very interesting study. So, in the next five years, global oil demand will grow about 1 million b/d every year. This means...
  • Tesla to build its fourth factory Elon Musk said that the company was planning to build the first plant in Europe. The German capital has been chosen for this purpose. It will be the fourth plant...
  • Facebook Pay is new payment system of famous social network The well-known company Facebook has announced the launch of its own electronic payment system Facebook Pay. Through the company’s official blog, we have found out that the service will operate...
  • Amazon to open a new supermarket chain in the States Amazon, the largest US online retailer, already owns several supermarket chains. The first of them called Whole Foods was purchased in 2017 and cost $ 13.7 billion. The chain specializes...
  • Energy Market News Today, at 8 a.m. Moscow time, Brent crude futures rose $ 0.14 (or 0.23%) – to $ 62.32 per barrel. We recall that yesterday the asset price lost 0.53% ($...
No surprises: Central Bank retains a key rate
March 22
13:00 2019

Let’s finish the week with the news of the Central Bank of Russia. Today it has been decided to maintain the key rate at the same level of 7.75%.

The decision is quite expected. In December, the Bank of Russia increased the rate by 25 points, but there was no strong reaction from the increase in VAT, and external risks have not occurred yet. Thus, the tightening of the policy ended as soon as it started.

In February, the key rate also remained unchanged. In addition, speaking about its plans for the future, the Central Bank of the Russian Federation made it clear that it would start not from the desire to tighten the policy, but from the effectiveness of the taken measures.

This time, the Bank of Russia gave a signal by which it was possible to understand that in the future it could reduce the rate. The regulator’s statement says that the decisions will be based on the dynamics of inflation and the economic condition regarding the forecasts for external risks. If everything goes according to the basic forecast, the rate can be reduced.

The Central Bank believes that monetary conditions have not changed very much since the beginning of this year. Rates on different market segments had different vectors. Thus, the OFZ yield has fallen due to the improved situation on world markets and new expectations regarding the key rate. Deposit rates have shown a slight increase, while credit rates have stabilized. The regulator notes that the current dynamics of OFZ yield reduces the possible growth of deposit interest rates and creates conditions for their reduction. The rates on deposits and bonds should remain positive. This will make savings more attractive.


The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

Related Articles


No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment