Bank of Russia Cuts Key Rate by 0.25% to 7.50%
Moscow | 9th February 2018
On 9 February 2018, the Bank of Russia Board of Directors decided to cut the key rate by 25 bp to 7.50% per annum. Annual inflation remains sustainably low. Inflation expectations are diminishing progressively. Short-term pro-inflationary risks have abated.
” BANK OF RUSSIA CUTS KEY RATE BY 0.25% TO 7.50% “
Therefore the balance of inflationary and economic risks has shifted slightly towards the risks to economic growth. The uncertainty over the situation in global financial markets has increased. This year annual inflation is much less likely to exceed 4%.
In this environment the Bank of Russia will continue to reduce the key rate and may complete the transition from moderately tight to neutral monetary policy in 2018.
Official Press Release by Bank of Russia