Nabiullina allowed a further reduction in the key rate by the Central Bank of the Russian Federation

The Central Bank of Russia admits that in the future there may be an even greater reduction in the key rate (more than 0.5 percentage points), and this process may also be frozen for some time. This was announced on February 13 by the head of the regulator, Elvira Nabiullina.

"We say that we will assess the feasibility of further lowering the key rate and analyze all the data. As for possible steps, you know, <...> depending on the situation," she said at a press conference.

According to her, the Central Bank of the Russian Federation can both make decisions on this issue and pause within the framework of the baseline scenario, based on incoming analytical data. Nabiullina noted that the experts at the meeting considered both options for the development of the situation at the key rate, and came to the conclusion that for greater confidence, data on a steady return of inflation to 4% should first be obtained.

February frosts: the market expects the key to remain at the level of 16%

Why can the regulator take a break and when will the rate be lowered

Earlier that day, the Central Bank of the Russian Federation lowered its key rate to 15.5% per annum. The regulator's statement notes that the Russian economy continues to return to a balanced growth trajectory.

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