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Thursday, October 27, 2016

The Central Bank went to the second and final rate reduction for the year

The second time the Central Bank has reduced the rate now is 10% per annum and is not expected to change until next year, said the Central Bank.

photo: Gennady Cherkasov

This time, the decline was 0.5%. In the opinion of management of the regulator, maintaining rates at this level should reduce inflation risks.

It recalled that in 2017, inflation is expected to reach the planned target of 4% per annum, although the risk remains that the projected values will not be achieved. However, inflation is expected to gradually decrease to 4.5% in September 2017 and 4% by the end of it.

Also, the Central Bank shared their expectations that the GDP growth of the Russian economy will show in the second half of 2016.

Read about the danger, which warned the Russians of the Central Bank.

Recall that today the experts of the Higher school of Economics in his comments to the state and business,” predicted reduction in rates before the end of the year to 9.5%.

Inflation in 2016, according to forecasts of Ministry of economic development and independent experts, will not exceed 6% per annum.


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