https://cdnimg.rg.ru/img/content/191/85/54/RIAN_6270552.HR.ru_d_850.jpg

But on the eve of the Agency “National credit ratings” (NKR) stated: the Bank of Russia can stop the cycle of decline in the key rate before year-end in connection with the acceleration of inflation.

“given the inflation dynamics, the Bank of Russia at the regular meeting of the Board of Directors on July 24, can lower the rate on a symbolic 0.25 percentage points, or to refuse further reduce and maintain the rate at its current level until the end of the year. More decisive action to mitigate the monetary policy is possible only if key economic indicators such as GDP, industrial production, unemployment will be much worse than current expectations”, – stated in the message of Agency.

However, at a meeting on the national projects of President Vladimir Putin discussed the opportunities of accelerating economic growth in many areas. In particular, housing construction can increase the pace of housing construction with further reduction in mortgage rates. The promise of Elvira Nabiullina to consider further reduction in the key rate will facilitate this task.

Previous articleAs the Navy prepares to the naval parade
Next articleDied the famous orientalist Yevgeny Chelyshev
Jennifer Alvarez is an investigative journalist and is a correspondent for European Union. She is based in Zurich in Switzerland and her field of work include covering human rights violations which take place in the various countries in and outside Europe. She also reports about the political situation in European Union. She has worked with some reputed companies in Europe and is currently contributing to USA News as a freelance journalist. As someone who has a Masters’ degree in Human Rights she also delivers lectures on Intercultural Management to students of Human Rights. She is also an authority on the Arab world politics and their diversity.