Central Bank announced further lowering key rate possibility

UFA, 24 May 2018. /Bashinform News Agency/ translated by Tatiana Aksyutina/. Speaking at a session of the St. Petersburg International Economic Forum, the Chairman of the Central Bank of Russia Elvira Nabiullina announced a possibility of the key rate further lowering, RIA Novosti reports.

The Central Bank at a meeting of the Board of Directors in late April decided to keep the key rate at the level of 7.25% per annum. The next meeting on the key rate policy will be held on June 15.

The First Deputy Prime Minister and Finance Minister Anton Siluanov said earlier that a new budget fund for infrastructure investments would be created, which would become one of the sources for the Russian economy growth. According to him, it will be formed due to the attracting money from the market by the Ministry of Finance of the Russian Federation, but this will not lead to an increase in the national debt.

A delegation from Bashkortostan, led by the head of the republic Rustem Khamitov, takes part in the SPIEF work. It is planned to sign investment agreements and cooperation agreements with a number of large companies, industrial enterprises, and organizations within the framework of the forum.