The Central Bank said there is room for further rate cuts

“We both in June, when we lowered the rate by 100 basis points at once, and in July, when we lowered the rate by 25 basis points, said that the space for further easing of monetary policy remains,” TASS quotes him.

On July 24, the Central Bank of Russia cut the key rate from 4.5% to 4.25% per annum.

Economist Vitaly Kalugin, in an interview with URA.RU, assessed the decision of the Central Bank.