The head of the Ministry of Economic Development Reshetnikov called the reduction of the key rate of the Central Bank an important decision

“The decision taken by the Central Bank yesterday to reduce the key rate is very important,” he said in an interview with the Rossiya 24 TV channel.

His words are quoted by RIA Novosti.

Reshetnikov expressed the opinion that there is a great potential for further decline.

The head of the analytical center Forma Olga Pavlik also commented on the decision of the Central Bank to lower the key rate. 

In an interview with the Izvestia newspaper, she expressed the opinion that the positive effect will also affect developers: developers will be able to reduce the cost of subsidizing mortgages for their programs.