The Central Bank of Russia decided, in today’s meeting of the board of directors, Friday, to reduce the main interest rate from 0.5% to 7.5% per annum.
A statement released by Russian Central stated: “On September 16, 2022, the Board of Directors of the Bank of Russia (Central Russia) decided to reduce the benchmark interest rate by 50 basis points to 7.5% per annum. The current growth rate of consumer prices remain low, which contributes to a further slowdown in inflation.
The following are the main points of today’s meeting of the Russian Central Bank:
The Bank has decided to reduce the main interest rate by 0.5 percentage points to 7.5%.
Inflation in Russia in 2022 will be between 11% and 13%. The annual inflation rate in Russia fell last August to 14.3% and, according to estimates, the indicator fell on September 9, 2022 to 14. , 1%.
– The Central Bank will take further decisions on the reference rate, taking into account the dynamics of inflation and the restructuring process of the Russian economy.
–
