Economist Ostapkovich commented on the reduction of the rate of the Central Bank of Russia to 9.5%

“In fact, the Central Bank came to the situation that was before February.

The bank raised the rate from 9.5% to 20% and gradually lowered it by 9.5% from 20%.

This is a positive maneuver,” the economist said.

He added that now "consumer credit, investment credit is becoming cheaper."

“The economy will develop.

The lower the rate, the greater the growth of the economy,” Ostapkovich said.

Earlier it became known that the Central Bank of Russia lowered the key rate to 9.5% per annum.