Economist Belyaev spoke about the reasons for lowering the key rate

The Central Bank of the Russian Federation continues to view inflation as the main opponent, which is reflected in its tight monetary policy. On July 25, economist Mikhail Belyaev told about this at the Izvestia press Center during a round table on the topic: "Key rate: forecasts, risks and opportunities."

According to him, the Central Bank of the Russian Federation considers inflation to be the main opponent, which is reflected in the ongoing reduction in the key rate. He recalled that the rate had been kept at a high level for two years, but it was not possible to achieve a final victory over inflation. The economist stressed that despite the formal decrease in inflation rates, it is too early to talk about systemic success.

Belyaev also drew attention to the fact that the Central Bank's decision was largely forced. He explained that the regulator was under serious pressure from both experts and society, primarily due to the unavailability of consumer loans for a significant part of the population.

He added that there was a consensus among analysts who expected just such a decline, and stressed that experts who are able to give accurate forecasts generally agreed on a decrease of 2%.

Waiting for the key: the dynamics of the ruble exchange rate will be determined by the outcome of the Central Bank meeting

Most experts predict a rate of no more than 80 rubles per dollar, even taking into account the reduction in the key rate

On the same day, the Central Bank of the Russian Federation lowered its key rate to 18% per annum. It was noted that further decisions on the key rate will be made depending on the sustainability of the slowdown in inflation and the dynamics of inflation expectations. According to the Central Bank's forecast, annual inflation will decrease to 6-7% this year, and return to 4% in 2026.

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