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Central Bank May Lower Key Rate by 100 basis points
The central bank may lower its key rate by 100 basis points at the next meeting. It is scheduled for June 19, 2020.
He writes about it TASS with reference to the head of the Central Bank, Elvira Nabiullina. According to her, this is a very real option for the development of events, taking into account the current macroeconomic situation.
In late April, the regulator lowered its key rate by 50 basis points - up to 5,5% Bonus terms and conditions apply. The board of the bank announced a revision of the base forecast scenario and the transition to soft monetary policy. With the development of the situation in accordance with the basic forecast, the regulator is ready to further reduce the key rate.