According to the regulator, economic growth continues at a moderate pace after a temporary decline at the beginning of the year
MOSCOW, June 19. /TASS/. The Bank of Russia cut its key rate by 25 basis points (bp) to 14.25% per annum, according to the regulator's press release issued following a board meeting.
TASS has compiled the key points of the decision.
The Central Bank's decision
- The Bank of Russia cut its key rate by 25 bp to 14.25% per annum.
- Economic growth continues at a moderate pace following a temporary slowdown at the beginning of the year, the regulator noted.
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Ruska središnja banka snizila ključnu kamatnu stopu na 14.25%
Meanwhile measures of underlying price growth have not yet decreased and remain in the range of 4-5% in annualized terms, as…
The regulator noted that it would assess the need for further key rate cuts at its upcoming meetings
The regulator noted that it would assess the need for a further key rate cut at its upcoming meetings
According to the regulator, the economy continues to return to a balanced growth path
The economy continues to return to a balanced growth path, the regulator noted
Most analysts expected the Central Bank to keep the key rate at 16%
