The Central Bank named a condition for lowering the key rate

The key rate will be reduced in case of a steady slowdown in inflation. This was reported in the Central Bank (CBR) of the Russian Federation on January 31.

It noted that the rate level depends on the economic situation in different aspects.

"The Bank of Russia will rely on incoming data - and statistics, and surveys, and other information that is relevant to the economy," - indicated in the Telegram-channel of the regulator, answering the user's question.

Central Bank representatives emphasized that taking into account the information received, they will assess the situation, make calculations, make forecasts and subsequently make decisions on the key rate.

"The rate cut will be a response to a sustained slowdown in inflation towards the target in the Central Bank's forecasts. A sustained slowdown in inflation requires more restrained demand growth," the regulator said.

It is specified that this will be facilitated by the accumulated effect of monetary policy tightening and normalization of fiscal policy in 2025.

Measures on the scale: Central Bank kept the rate due to 1.5-fold decrease in business loans

"Izvestia" found out what data became the reason not to raise the key - before that Nabiullina only hinted at a "significant" reduction in issuances

The Bank of Russia kept the key rate at 21% per annum in December 2024. The next rate meeting is scheduled for February 14. Most experts polled by Izvestia believe that the Central Bank will keep the rate at the same level.

Sergey Grishunin, managing director of the NRA rating service, and Natalia Bogomolova, director of ratings of financial institutions of the NRA rating service, told Izvestia on January 24 that in the second half of 2025, the key rate may decrease slightly, as there is a high probability that the maximum inflation rate will be reached in April.