|
2023-10-28 Economy
|
|
Bank of Russia increased the key rate to 15% per annum
|
Direct Translation via Google Translate. Edited.
[Regnum] The Central Bank of the Russian Federation increased the key rate from 13 to 15% per annum. This was stated in a statement by the regulator on October 27.
“On October 27, 2023, the Board of Directors of the Bank of Russia decided to increase the key rate by 200 bps. p., up to 15.00% per annum,” the message says.
It is noted that inflation pressure has increased significantly and is exceeding the expectations of the Central Bank; the steady increase in domestic demand increasingly exceeds the possibilities for expanding the production of goods and services.
The regulator added that inflation expectations remain at elevated levels, and lending growth rates remain high.
“Under these conditions, it is necessary to ensure additional tightening of monetary policy to limit the scale of inflation’s deviation upward from the target and its return to 4% in 2024,” the Central Bank emphasized, noting that such goals imply a long period of maintaining tight monetary conditions in economics.
As Regnum reported, in 2023 the Bank of Russia raised the key rate three times already - at scheduled meetings in July and September and unscheduled in August. At the end of September 2023, the Chairman of the Central Bank of the Russian Federation, Elvira Nabiullina , said that if the regulator had not raised the rate, the ruble exchange rate would currently be much weaker.
Director of the Federal Methodological Center for Financial Literacy, Associate Professor of the Department of Global Financial Markets and Fintech of the Russian Economic University. G. V. Plekhanov Denis Perepelitsa on October 26, in a conversation with Regnum news agency, expressed the opinion that the Russian economy needs the key rate of the Central Bank of the Russian Federation to be at the level of 10–11%, provided that the stability of the ruble exchange rate is ensured. At the same time, he suggested that the Central Bank would increase it to 14%.
According to economist Pyotr Shcherbachenko , raising the key rate of the Bank of Russia may slow down the rate of inflation growth. Loans (mortgages and car loans) will naturally become more expensive, but deposits will become more profitable.
|
Posted by badanov 2023-10-28 00:00||
||
Front Page|| [22 views ]
Top
|
|
Posted by Slenter Panda4300 2023-10-28 09:13||
2023-10-28 09:13||
Front Page
Top
|
|
14:45 Super Hose
14:45 Crusader
14:42 Super Hose
14:32 Super Hose
14:26 Super Hose
14:24 NoMoreBS
14:21 Super Hose
14:13 NoMoreBS
14:11 Super Hose
14:09 NoMoreBS
14:03 Besoeker
13:59 NoMoreBS
13:57 Super Hose
13:55 swksvolFF
13:54 NoMoreBS
13:52 swksvolFF
13:50 Super Hose
13:45 NoMoreBS
13:44 Super Hose
13:43 Rex Mundi
13:41 Grom the reflective
13:40 Besoeker
13:40 Besoeker
13:39 Rex Mundi
|
