The Central Bank will discuss the possibility of raising the key rate on March 21
The Central Bank of Russia will consider raising the key rate at a board meeting on March 21. This was reported by Deputy Chairman of the Central Bank Alexei Zabotkin.
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📝 Summary
The Central Bank of Russia will consider raising the key rate at a board meeting on March 21. This was reported by Deputy Chairman of the Central Bank Alexei Zabotkin.
Zabotkin told reporters about this, speaking at the Russian Financial Market Forum. “The Board of Directors on February 14 gave a signal that at the next meetings it will assess the feasibility of raising [the key rate].” The data received over the past month, since mid-February, somehow significantly do not change the picture, including because time has passed a little, Tremasov said earlier that in March the Bank of Russia may consider both raising and lowering the key rate, stressing that we are in a turning point. He noted that at such moments, opinions often differ greatly, so he urged not to take any of them as a forecast. Chairman of the Central Bank of the Russian Federation Elvira Nabiullina previously explained that maintaining the current level of the rate is necessary to achieve the inflation goal of stopping at around 4%.
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