IMF urged Bank of Russia to cut key rate below 4%

The mission believes that the Bank of Russia should “cut rates in the coming months to prevent inflation from falling below the target level during 2021”.

In October 2020, the Central Bank kept its key rate at 4.25%.

Professor of the Faculty of Finance and Banking, RANEPA Yuri Yudenkov, in an interview with FBA "Economics Today", gave a forecast for the key rate in Russia in 2021.