The expert announced a possible reduction in the Central Bank's key rate to 15%

A possible reduction in the key rate to about 15% will not have a significant impact on household behavior. The attractiveness of the ruble for deposit instruments will remain, while lending and business activity will remain stable. Alexander Schneiderman, head of Alfa-Forex's Customer Support and Sales department, told Izvestia on March 18.

"Market participants expect the Bank of Russia to continue smoothly easing monetary policy. According to the data for February, the annual inflation rate in Russia was 5.9%, so the regulator has room to reduce the key rate," the expert explained.

He noted that the expectations of the Central Bank's decisions are already reflected in the foreign exchange market, in particular in the dynamics of the dollar exchange rate. Significant fluctuations in the ruble–dollar pair are not expected in the near future, as the relevant signals have already been taken into account in the quotes. At the same time, further easing of monetary policy will indicate the gradual transition of the economy to a balanced growth trajectory.

"By the beginning of the third decade of March, the dollar remains within the range of 77-84 rubles with a move to the upper limit of the range," Schneiderman concluded.

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Denis Astafyev, an entrepreneur, fund manager and founder of the SharesPro fintech platform, told Izvestia on March 12 that the regulator's analytical note considered a hypothetical scenario in which inflation is about 6%, and the rate drops sharply to 3% and remains at this level for a long time. In such a model, the economy really gets a powerful boost at the first stage.

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