MOSCOW, April 24. /TASS/. The Bank of Russia has reduced its key rate by 50 basis points (bp) to 14.5% per annum, the regulator stated in a press release following its board of directors meeting.
TASS has collected the main facts about the decision.
-The Bank of Russia lowered its key rate by 50 basis points to 14.5% per annum, as analysts unanimously predicted in the consensus forecast compiled by TASS.
-Domestic demand dynamics have roughly corresponded to the economy’s capacity to ramp up supply of goods and services, according to the regulator’s press release.
-Meanwhile measures of underlying price growth have not yet decreased and remain in the range of 4-5% in annualized terms, as estimated by the Bank of Russia.
