Nabiullina sounded conditions to reduce the key rate of the Central Bank – RBC

The key rate will decline as slowing inflation and inflation risks. This was at the RSPP congress said the head of the Bank of Russia Elvira Nabiullina.

According to her, the regulator is also important for long rates in the money market, which serve as a reference point for long-term loans. “During the time that we left the rate unchanged – 11%, we have long rates declined. They dropped from 11 to 9-9.5%, “- said Nabiullina (by Tass quoted)

Earlier RSPP congress about the key rate expressed as Minister of Economic Development and the Ministry of Finance.. Head of MED Alexei Ulyukayev suggested that slowing inflation gives grounds to reduce the key rate of the Central Bank, the inflation, he said, will be lower than 8%. Finance Minister Anton Siluanov said that strict control over the budget deficit will allow the Central Bank to reduce rates in the future

A week ago, the Central Bank’s board of directors left the key rate unchanged at -. 11%. The regulator set a value of 31 July 2015 and the last four times leaving it unchanged. Prior to that, in December 2014, the Bank of Russia raised its key interest rate to 17%, in order to “restrict significantly increased devaluation and inflation risks.”