“The situation with liquidity in banks has completely normalized today, the Russian banking system has returned to a stable structural liquidity surplus,” TASS quoted him as saying.
Earlier, the Central Bank of Russia decided to lower the key rate to 17% per annum.
Economist Denis Raksha commented on this decision of the Bank of Russia.
According to him, the Central Bank raised the rate in order to stabilize the ruble exchange rate and the foreign exchange market in general.
At the same time, annual inflation in Russia accelerated to 16.69% in March, which is the highest value since 2015.