Assistant to the President of Russia Andrei Belousov called CB infallible decision to keep the key rate at a level of 10.5 per cent per annum. He said this on Friday, July 29, according to TASS.
«CB is never wrong” – so said Beloussov asked to comment on the application of Bank of Russia.
07:01 October 20, 2015
The head of the Ministry of Economic Development Alexei Ulyukayev convinced that the possibilities for lowering the key rate there. “I have already said that we have a significant reserve to reduce the rate,” – he said. By the end of the year it may be lower than 10 percent, the official said.
Earlier, on July 29 the board of directors of the Bank of Russia has decided to keep the key rate unchanged at 10.5 per cent per annum.
The next meeting of the Board Directors of the Bank of Russia, which will consider the key rate is scheduled for September 16
The key rate -. the main instrument of monetary policy of the Central Bank. Under her control gives loans to banks. Score influences on the formation of interest rates on loans from credit institutions, as well as the level of inflation and exchange rates.
No comments:
Post a Comment