“At the last Board meeting we considered the possibility of a rate cut by 100 basis points. I admit that if the situation develops as it is now, the option of reduction of 100 basis points will also be considered, certainly, among the other alternatives”, – said Nabiullina.
the Last meeting of the Board of Directors of the Bank passed on 24 April, it was decided to reduce the key rate by 0.5 percentage points to the current 5.5%. The Central Bank admitted that the reduction in rates will continue, since the summer of last year, the rate has dropped by 2.25 percentage points.
the Next meeting of the Board of Directors of the Bank of Russia, which will discuss the level of the key rate, will take place on June 19.
