The Board of Directors of the Bank of Russia on Friday will consider the issues of monetary policy, the press service of the regulator; according to analysts, the key rate once again remains unchanged.
The main arguments in favour of keeping rates at 11% per annum, according to analysts of Gazprombank, may be inflationary risks, including the uncertainty of the parameters of the budget for 2016 and expected structural surplus liquidity, as well as continued instability on financial and commodity markets, reports “Interfax”.
Analysts generally expect the Central Bank will begin to reduce the key rate until the third quarter of this year. The restraint of the Bank of Russia increases the likelihood of a significant reduction in interest rates in the longer term – by 150-200 bps to the end of the year.
The Central Bank of Russia in December 2014 increased the key rate to 17%, explaining his decision by the need to limit significantly increased at the time of devaluation and inflation risks. For 2015, the Central Bank gradually reduced its key policy rate, bringing it in August to 11%. But then the regulator was forced to “freeze” it on the background of accelerating inflation.
© 2016, z-news.xyz. All rights reserved