This is stated on the regulator's website.

“On April 23, 2021, the Board of Directors of the Bank of Russia decided to raise the key rate by 50 bp, to 5.00% per annum,” the statement said.

In the message of the Central Bank it is noted that the growth rates of consumer prices and inflationary expectations of the population and business remain elevated.

The regulator also added that the recovery in demand is gaining greater stability and in a number of sectors outstripping the possibility of increasing output.

In these conditions, the balance of risks is shifted towards pro-inflationary ones.

The Bank of Russia inflation forecast for 2021 has been raised to 4.7-5.2%.

Earlier, the expert on the stock market "BCS World of Investments" Dmitry Babin said that the Russian ruble awaits after the meeting of the Bank of Russia, which will be held on April 23.

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