Central Bank cut its key interest rate to 12.5 percent

UFA, 30 April 2015. /Bashinform News Agency, Arthur Basyrov/. The Board of Directors of Bank of Russia today, April 30, decided to cut the key interest rate from 14 to 12.5 percent. This was reported on the website of the Central Bank.

The Central Bank marks signs of stabilization in the annual inflation rate. Moreover, according to the forecasts of the regulator, slowing down in consumer prices growth will occur faster than previously expected. Annual inflation will fall to less than eight percent a year (in April 2016 compared to April 2015) and to the target level (four percent) in 2017.

The Bank of Russia does not rule out a possibility of further reducing the key rate as the weakening of inflationary risks.