Ministry of Economic Development will continue to wait on the CBR reduce the key rate – Interfax

In Office believe that the economic situation allows soften monetary policy

Moscow. July 29. INTERFAX.RU – Ministry of Economic Development, which considers that the situation allows you to reduce the key rate, the Central Bank expects the easing of monetary policy at the next meeting

Bank of Russia Board of Directors on Friday decided to maintain the rate at the level of 10.5. %, noting that although the dynamics of inflation is broadly consistent with the baseline forecast of the Central Bank, but the decline in inflation expectations to a halt. The rate remained unchanged at the end of the seventh of the last eight meetings. The only exception – the previous Council, when the Central Bank lowered the rate by 50 basis points Most analysts before the meeting inclined to believe that the Central Bank will resume pause in easing. In a statement, the Central Bank kept the signal the possibility of further rate cuts in “non-binding” formulation – without any temporal obligations

“Central Bank’s decision was expected for us, although we believe that the possibilities for reducing the rates remain”. – said “Interfax” in the Ministry of economic Development

“We believe that the stability in the economy, there are grounds to reduce the Central Bank rate in September in our view, the oil market situation is stabilized, and the year-end rate will be.. within our forecast (according to the scenario conditions, approved in April 2016 – $ 40 per barrel), “- noted in the Ministry

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