Matvienko called the reduction of the Central Bank's key interest rate a positive signal to business

The reduction of the key rate of the Central Bank of Russia to 20% is a positive sign for Russian business. This was stated on June 6 by Chairman of the Federation Council Valentina Matvienko during a conversation with journalists during her visit to Yerevan.

"This is a positive signal to business: it's not that bad, gentlemen. Everything is moving in the right direction, and the situation is improving. This means that subsequent decisions will be made depending on the development of the economic situation," TASS quoted her as saying.

Matvienko added that she had expected such a development and predicted a reduction in the key rate, although she was slightly mistaken in the forecast, expecting a decrease to 19%. According to her, such a step is due to the improvement of the economic situation and is an adequate response to changes in the economy.

Breaking the trend: Inflation has finally started to slow down steadily

It is difficult to predict the Central Bank's decision on the rate so far

On this day, the Central Bank of Russia 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.