“The data that we have received since the last decision on the rate, primarily for June and early July, confirm that we still have space for further reductions (rates. - RT ),” RIA Novosti quotes Nabiullin.

In June, the Bank of Russia, following a meeting of the board of directors, lowered its key rate immediately by 1 pp to 4.5% per annum.

Anatoly Aksakov, head of the State Duma’s financial market committee, in an interview with FBA “Economics Today” commented on the decision of the Bank of Russia to reduce the key rate to 4.5% per annum.