Dmitriev spoke about the positive effect of lowering the key interest rate

The rate cut creates additional conditions for investment, growth of the manufacturing sector and the economy. This was announced on June 6 by Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF).

"Today, the Bank of Russia decided to reduce the key interest rate (by 1 percentage point, to 20%) for the first time since 2022. The rate cut creates additional conditions for investments," he wrote on his Telegram channel.

In addition, according to Dmitriev, such a decision by the Central Bank will contribute to the growth of the manufacturing sector and the entire Russian economy as a whole.

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The Central Bank of Russia on Friday, June 6, lowered its key rate to 20% after a long period of tight monetary policy. According to the Central Bank, domestic demand still outstrips the possibilities of expanding the supply of goods and services, but the Russian economy is gradually returning to a balanced growth trajectory.