The economist allowed a reduction in the key rate in Russia

The key rate may be lowered at the next meeting of the Central Bank of Russia, which is scheduled for July 25, but it is impossible to say this unequivocally today. Nikolai Kulbaka, an economist, Candidate of Economics, associate professor at the RANEPA, expressed this opinion on Thursday, June 19.

"Whether the interest rate will be lowered is a debatable issue. Most likely, yes, but to say that inflation is decreasing significantly, I don't see it yet," the expert said in an interview with Lenta.Ru .

According to the expert, it is impossible to estimate the rate of decrease in inflation in short periods of time.

"The movement of inflation is months, and if you try to look at it in the interval of weeks, then your error will be very high. Now there is a period of seasonal decline in prices for many goods, and in fact, inflation is decreasing largely due to this," Kulbaka said.

"The value of the key rate should be less than 10%"

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Earlier this day, the head of the Central Bank, Elvira Nabiullina, said during the macroeconomic session at the SPIEF that the financial regulator would lower the key rate as inflation slowed down, RT reports.

On June 6, the Central Bank lowered its key rate to 20% after a long period of tight monetary policy.

According to the Director of Macroeconomic Analysis at Dom Bank.Russian Federation" by Zhanna Smirnova, the trend towards reducing deposit rates in the Russian Federation will accelerate after the key rate cut. She suggested that the key rate would slowly decrease and reach 17-18% by the end of the year.