This was reported on the website of the regulator.
“On September 16, 2022, the Board of Directors of the Bank of Russia decided to reduce the key rate by 50 bp, to 7.50% per annum,” the statement says.
The Central Bank noted that the current growth rate of consumer prices remains low, contributing to a further slowdown in annual inflation.
“This is due both to the influence of a set of one-time factors and to restrained consumer demand.
The dynamics of business activity is better than the Bank of Russia expected in July.
However, external conditions for the Russian economy remain difficult and continue to significantly limit economic activity,” the regulator added.
Earlier, the Bank of Russia clarified the rules for issuing cash from foreign currency accounts and from deposits.