Central Bank of Russia preserved refinancing rate at the level of 8%

Refinancing rate in Russia remains at the same level, making up 8% for today. The board of directors of the Central Bank of Russia has reached such decision on February 3, remaining the transaction rates unchanged.

“This decision is reached on the base of assessment of inflation risks and risks for slowing of economic upsurge, including the risks, anticipated by preservation of uncertainty in the current external economic situation” – the press-service of the Central Bank of Russia reports.

The Central Bank of Russia also reports that substantial slowing of inflation has occurred in January 2012: on January 30 the annual rate of growth of consumer prices dropped to 4,1% against 6,1% at the end of 2011. It can be explained by the pre-planned shift of the rise of the majority of regulated prices and tariffs on the middle of 2012.

“The adjustments of Russian ruble, observed in January, can positively influence upon inflation” – experts say – “Taking the current internal and external macroeconomic tendencies into account the rate level is considered by the Central Bank of Russia as acceptable for the nearest months for keeping the balance between inflation risks and risks for slowing of economic upsurge”.