The State Duma estimated the terms of key rate reduction

The head of the State Duma Committee on Financial Market, Anatoly Aksakov, has admitted that the Central Bank of the Russian Federation (CBR) may reduce the key rate as early as February 2025.

In a conversation with Lenta.Ru on Friday, December 27, the parliamentarian noted that the observed credit requirements have formed increased pressure on the consumer market and stimulated price growth, "as a result of which inflation has intensified and reached high percentages." In this regard, the Central Bank decided to raise the key rate in order to disrupt inflationary processes and reduce this pressure.

Aksakov emphasized that after the growth of consumer activity in the New Year period, a decline in demand for goods is predicted in December, writes the website kp.ru.

"A gradual decline in inflation will begin, no demand means no increase in prices. <...> Inflation will begin to decline, interest on loans will also gradually decline," the MP concluded.

Surprise affect: whether the Central Bank will raise the rate in February after a pause

Why the Bank of Russia decided to keep the key rate at 21% despite forecasts and what consequences this will have

On December 26, the Central Bank said it had answered the question of why it is impossible to print money and distribute it to people. The regulator explained that if the state prints and distributes Br1 thousand to everyone, it won't add any goods to the economy. That is, the supply of goods will remain the same, while the effective demand for them will immediately increase, RT writes. Sellers will raise prices.

On December 25, Plekhanov Russian Economic University professor Mikhail Gordienko also expressed the opinion that the Central Bank will lower the key rate as early as February. He explained that inexpensive loans, which are due to the low rate, allow entrepreneurs to develop business. Without them, the industry can not work effectively, the professor believes, reports 360.ru.

On December 25, the Ministry of Economic Development reported a slowdown in weekly inflation to 0.33%. December 24, Director of the Department of Monetary Policy of the Bank of Russia Andrei Gangan said that at the end of the year inflation will be about 9.6-9.8%. At the end of October, the regulator expected inflation to be 8-8.5%, warning about the possibility of raising the key rate in case of its acceleration. December 20, however, the Central Bank kept the rate at 21%.

December 24, Associate Professor of the Department of Economic Policy and Economic Measurements of GUU Maxim Chirkov told "Izvestia" that the Central Bank is likely to start reducing the key rate in 2025, because the effect of tightening monetary policy will begin to manifest itself.

Earlier in the day, the Central Bank said that lowering the key rate currently poses a threat to the economy.

December 23, Deputy Chairman of the State Duma Committee on Economic Policy Artem Kiryanov admitted that the key rate will return to 11% in two years. According to him, the high key rate will affect the construction industry to a greater extent, reports NSN.