The market expects the key rate to remain at 21% in June

The key rate will remain at 21% following the meeting on June 6, according to the Izvestia consensus forecast. The experts surveyed agreed that this time the Central Bank would soften the signal, and decisions would be made at future meetings.

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At the last meeting on April 25, the Central Bank kept the key rate at 21% and has already switched to a completely neutral signal, said Olga Belenkaya, head of the Macroeconomic analysis department at Finam. Now the most correct decision would be to keep the rate at the same level and further soften the rhetoric, economist Alexey Krichevsky added.

In general, the situation in the Russian economy is developing according to the basic scenario of the Central Bank, said Mikhail Vasiliev, chief analyst at Sovcombank. According to him, inflation is decreasing, but it takes time to make sure the trend is stable. In addition, it still remains quite impressive — about 10%.

Read more in the exclusive Izvestia article:

To accept from the rate: the market expects the key rate to remain at 21% in June