The Bank of Russia reduced the key rate to 17 % per annum

At a meeting of the Board of Directors of the Bank of Russia on September 12, the key rate was reduced by 1 pp. – up to 17 %. It is reported by IA IrkutskMedia with reference to the regulator.

Sustainable indicators of the current price growth have not changed significantly and mainly remain higher than 4 % in terms of the year. According to experts, the economy continues to return to the trajectory of balanced growth. In recent months, lending growth has intensified. Inflational expectations remain high.

“The Bank of Russia will maintain such rigidity of monetary conditions that is necessary to return inflation to the target in 2026. Further decisions at the key rate will be made depending on the stability of the slowdown in inflation and the dynamics of inflation expectations, ”the Central Bank of the Russian Federation said.

According to the forecast of the Bank of Russia, taking into account the conducted monetary policy, annual inflation will decrease to 6.0-7.0 % in 2025, will return to 4.0 % in 2026 and will be on targets in the future.

Recall that at the end of July, the rate was reduced by 2 percentage points. – up to 18 %. At the same time, from October last year until June, the indicator kept at the level of his historical maximum of 21 %, until it was lowered by 1 pp.