Following the reduction in the key rate euro broke the mark of 67 rubles – Superomsk

The foreign exchange market has reacted with lightning speed the decision of the Central Bank.

On the eve of July 31, the Board of Directors of the Bank of Russia decided to cut the key rate by 0.5% – up to 11% per annum, “given that the balance of risks is still biased towards substantial cooling economy, despite some increase in inflationary risks ».

« According to the forecast of the Bank of Russia, slowing the growth of consumer prices will continue in a weak domestic demand. Annual inflation in July 2016 to less than 7% and will reach the target level of 4% in 2017. In the future, the Bank of Russia will decide on the level of the key rate, depending on the change in the balance of inflationary risks and risks of the cooling economy », – added in the press service of the Central Bank.

The currency market reacted to this decision has already been the first half hour. And as of 14:15 MSK the dollar on the Moscow Stock Exchange exceeded 61 rubles, and the euro broke the mark of 67.

Another factor that continues to weaken the ruble is falling oil prices.

Let us add that the official dollar rate set by the Central Bank as of August 1, is 60.3458 rubles., The euro – 66,0002.