“On April 29, 2022, the Board of Directors of the Bank of Russia decided to cut the key rate by 300 bp.
p., up to 14.00% per annum, ”the message says.
It is noted that the reason for the rate cut was the easing of risks for price and financial stability in the country.
Earlier, the Central Bank of Russia allowed the reduction of the key rate at the next meetings.
Economist, financial analyst Anton Smirnov, in an interview with the FBA "Economy Today" commented on the situation in the foreign exchange market.