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Saturday, October 22, 2016

Costin urged the Central Bank to reduce the key rate by two points

The head of VTB Andrey Kostin said on the sidelines of the forum, ASEAN-Russia that the Central Bank in June could reduce the key rate by 2 percentage points and make it stable.

Recall that currently the rate is maintained at 11%.

“I think the bid is high time to reduce already, and to do it decisively”, he said, noting that it will contribute to the fact that customers will take more loans.

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