Date: 7 months ago   Category: Finance

Belousov called extremely undesirable increase in a rate of the Central Bank until the end of the year — Rambler News Service


Photo: The Assistant to the President of the Russian Federation Andrey Belousov has declared globallookpress.com existence of some bases for increase in a rate of the Central Bank, however considers that it would be extremely undesirable. "An opportunity is, there are also certain bases for this purpose (for increase in a rate of the Central Bank), but I consider that it will be extremely undesirable action" — TASS cites words of Belousov. He has explained that increase in a key interest rate will slow down investment activity and economic growth and also will lead to additional expenses of the budget. On July 27 the Bank of Russia has kept a key interest rate at the level of 7,25% per annum. On June 15 the Central Bank has also kept a key interest rate at the level of 7,25%. The head of the Central Bank Elvira Nabiullina in June has said that the regulator doesn't exclude a possibility of her increase if there is a combination of factors which will lead to sharp strengthening of pro-inflationary risks. At the beginning of September Nabiullina within the Global forum of Alliance for financial stability has said that the Bank of Russia fixes emergence of several factors in favor of possible increase in a key interest rate, however the decision on a rate will be made by the board of directors of the Central Bank.

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