The economist called the maximum step of reducing the Central Bank's key rate by the end of the year

The Central Bank of Russia may reduce its key interest rate by a maximum of two percentage points by the end of the year. This opinion was expressed by Nikolai Kulbaka, Candidate of Economic Sciences, Associate Professor at the RANEPA, on Thursday, August 21.

In the conversation Lenta.Ru He added that everything will depend on the dynamics of inflation in the autumn, which cannot be predicted at the moment. As a rule, prices always rise during this season, the expert noted.

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Banks warned of a further decline in deposit yields by the end of the year

Earlier in the day, Evgeny Shatov, a partner at Capital Lab, told Izvestia that the Central Bank could continue the monetary policy easing cycle and lower the key rate to 16% by the end of 2025.

At a meeting on July 25, the Central Bank of the Russian Federation lowered its key rate to 18% per annum. 360.ru . 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, RT reports. According to the Central Bank's forecast, annual inflation will decrease to 6-7% this year, and return to 4% in 2026. The head of the regulator, Elvira Nabiullina, said that the Central Bank allows for a reduction in the key rate by 1, 1.5 or 2% in the future.

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