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

The value of the key rate of the Central Bank, which determines the level of interest rates on deposits and the cost of loans,decreased by 300 basis points usd/RUB USD/RUB₽76,055 +0,4% Buy Chinese Yuan/Ruble CNY/RUB₽12,114 -2,62% Buy Euro/Dollar EUR/USD$1,070 -0,2% Buy

The Bank of RUSSIA cut its key rate by 300 basis points to 17% per annum from April 11. The regulator made this decision at a meeting of the Board of Directors of the Central Bank on April 8, 2022.

External conditions for the Russian economy remain difficult and significantly limit economic activity, the regulator said. Risks to financial stability remain, but have now ceased to grow, including due to the measures taken to control the movement of capital. There is a steady inflow of funds for term deposits.

Today's decision reflects a change in the balance of risks of accelerating consumer price growth, a slowdown in economic activity and risks to financial stability, the Central Bank said.

How the key rate of the Central Bank of the Russian Federation has changed

The Bank of Russia raised the key rate to a record 20% Key rate , Central Bank ,  Sanctions

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