Up to 8% per annum: the Bank of Russia lowered the key rate for the fifth time in a row
On Friday, July 22, the Bank of Russia lowered its key rate from 9.5% to 8% per annum, the lowest level since the end of 2021. The Central Bank explained its decision by the ongoing slowdown in inflation in the country. According to the regulator, since the end of May, the annual growth rate of consumer prices has fallen on average in Russia from 17.1% to 15.5%, and by the end of 2022 it may reach 12%. According to the Central Bank, the external conditions for the economy are still difficult, but the decline in business activity turned out to be less than originally expected. According to expe...
Source: tellerreport.com
