FACTBOX: Bank of Russia’s key statements after fifth consecutive key rate cut

MOSCOW, December 19. /TASS/. The Bank of Russia has lowered its key rate by 50 basis points to 16% per annum, according to a press release from the regulator. This is the fifth consecutive time the Central Bank decided to lower the key rate.

The regulator noted that labor market tensions are gradually easing.

TASS has compiled key information on the key rate.

- The Bank of Russia lowered its key rate for the fifth time in a row, to 16%.

- Further decisions on the key rate will be made depending on the sustainability of the inflation slowdown and the dynamics of inflation expectations.

FACTBOX: Bank of Russia’s key statements after fifth consecutive key rate cut

Related reading

Bank of Russia cuts key rate by 0.5 percentage points to 15.5% per annum

Bank of Russia lowers key rate by 0.5 percentage points to 16.5%

Bank of Russia reduced key rate to 16%

Bank of Russia cuts key rate by to 15.5% per annum: regulator’s statements,…

Bank of Russia cuts key rate by 50 basis points to 14.5% per annum

Bank of Russia cuts key rate by 0.5 p.p. to 15% second time this year