Analyst: Bank of Russia to exercise caution in dealing with the rate – Rosbalt.RU

April 26, 2016, 12:43 | crisis | Key Bank of Russia rate

 The Central Bank of the Russian Federation is likely to go to a slight decrease in the key rate at a meeting next Friday, suggests director of analytical department of “Alpari” Alexander Razuvaev.

 He recalls that “On April 29 will be a regular meeting of the Central Bank, which, as always, will decide on the rate.” “The pressure on the mega-regulator to reduce the rate continues to grow both from the industrial lobby and by the relevant officials responsible for economic growth. Although the CBR is primarily responsible for the exchange rate and inflation, but not for the real sector “, – said in comments Razuvaeva

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 At first glance, he said, “lobbyists iron trump card – the (current) reduction (level) annual inflation of less than 8%.”

“However, Russia is very much depends on the rate of the ruble and, consequently, on the dynamics of oil prices. The clarity of the further direction of movement of the prices for “black gold” is still there. Therefore, the Central Bank is likely to show caution and go to a small decrease in the rate from 11% to 10.5%. For commercial banks, this will be an opportunity to reduce interest rates on deposits and lending rates are likely to remain unchanged “, – predicts analyst

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