Russia’s Central Bank cuts its key interest rate by 150 basis point to 8%.
The forecasting of the economists who participated in the survey was that the rate of the interest would be reduced to 9%.
It is stated in the resolution text that the Bank would evaluate more cuts in the second half of the year.
Recent data has shown that the infilation had reached its lowest level since the beginning of the war.
According to The Federal Service for State Statistics, consumer prices rose 15,9% per annum in June. The infilation was 17,1% in May.
Comments
No comment yet.