the Board of Directors of the Bank of Russia today decided to reduce the key rate to 4.5% per annum. According to information on the website of the Central Bank, a historic low. The Central Bank also stated that it will consider further rate cuts.
— financial stability Risks associated with the situation in global financial markets decreased. Inflation expectations of population and business has decreased. In these circumstances there is a risk of deviations of inflation down from 4% in 2021. The decision on the key rate is aimed at limiting this risk, — have informed in the Central Bank.