The Central Bank called the condition for reducing rates by 50 basis points
The head of the monetary policy department of the Bank of Russia, Alexei Zabotkin, said under what conditions the regulator will reduce the key rate by 50 basis points.
“As I said in an interview in the summer, a change in the rate by 50 basis points - it can be justified only by a very significant change in the inflation forecast,” RIA Novosti quoted him as saying.
On September 6, the Central Bank announced a key rate cut by 0.25 bp. - up to 7% per annum.
State Duma deputy, deputy chairman of the committee on physical education, sports, tourism and youth affairs Sergey Krivonosov in an interview with Nation News commented on the decision of the Bank of Russia.