VTB allowed two scenarios for lowering the key rate in September
At the next key rate meeting, the Central Bank of Russia will choose between reducing the rate by either 100 or 200 basis points. This was announced on August 29 by Dmitry Pyanov, First Deputy President and Chairman of the VTB Management Board.
"I believe that on September 12, the Bank of Russia will choose between two options for reducing the key rate - minus 100 or 200 basis points. There is a long list of arguments to substantiate the likelihood of one scenario or another," TASS quoted him as saying.
The news is being updated
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