Stock market quotes, forex, financial news, forex tools – money-investing.com

Bank of Russia cut a key rate by 25 bp

 Breaking News
Bank of Russia cut a key rate by 25 bp
December 13
13:00 2019

The Central Bank of the Russian Federation has cut its key rate by 25 basis points, now its value is 6.25%.

Experts were not surprised by such a step of the regulator, although some market analysts believed that the Central Bank of the Russian Federation would prefer to keep the rate at the level of 6.5% .

The press release issued by the Central Bank states that inflation is slowing faster than expected.  Also, we have learned that the growth rate of the national economy has grown, but it is not yet possible to assess their sustainability.

It is possible that in the first half of the coming year, the national regulator will continue to reduce the value of the key rate.

The Central Bank has lowered its inflation forecast for 2019:  from 3.2-3.7% to 2.9-3.2%. The forecast for this indicator for 2020 was kept at 3.5-4.0%. Regulator analysts believe that the GDP growth rate for 2019 will be closer to the upper end of the range of 0.8-1.3%.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company
UFT Group

Related Articles

0 Comments

No Comments Yet!

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

Write a comment

Write a Comment