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The central bank lowered its key rate for the sixth time in a row

The central bank lowered its key rate for the sixth time in a row
Photo: Anton Belitsky / TASS

The Bank of Russia has once again reduced its key rate - from 6,25% to 6%. The regulator warned that at the next meetings it could lower it even lower. The key rate changed five times last year.

As the Kommersant, the main argument for lowering the rate was a slowdown in inflation. The increase in prices in January amounted to 0,45, and in annual terms decreased from 3 to 2,4%. The growth rate of the Russian economy has increased, but the risks of a slowdown in the global economy remain. Among the influencing factors is the situation with coronavirus.

The forecast for the annual inflation rate of the Central Bank of the Russian Federation does not reduce. It still makes up 3,5-4% according to the results of 2020.

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