MOSCOW, December 25 – RIA Novosti. Economic Development Minister Alexei Ulyukayev considers it necessary to reduce the key rate of the Central Bank of the Russian Federation in the first quarter of 2015.
On Monday, December 15, the exchange the ruble against the currency basket was strongly decline since the 1998 credit default. Against this background, on Tuesday night the Central Bank suddenly and sharply raised its key interest rate – from 10.5% to 17%, citing increased significantly devaluation and inflation risk.
“I think that the key rate is at extremely high level and it should be reduced during the first quarter of 2015 “, – told reporters Ulyukayev, who before joining the Ministry of Economic Development held the post of first deputy chairman of the Central Bank and was responsible for monetary policy.
According to the minister, within quarter of the banks still have an opportunity to support the old or close to interest rates on loans.
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