The Central Bank of Russia kept the key rate at 7.5 percent
Following the meeting of the board of directors Bank of Russia decided to keep the key rate at 7.5 percent, thus completing the monetary policy easing course. press release on the regulator’s website. Based on the results of the previous six meetings, this parameter inevitably decreased.
During the last meeting in September, it was said that due to the increase in pro-inflationary risks, the current cycle could end in October. In confirmation of the correctness of the calculations of analysts of the Central Bank in October has begun gradual increase in the cost of goods and services.