Nabiullina: Russian Central Bank considers various scenarios of key rate cut

Nabiullina: Russian Central Bank considers various scenarios of key rate cut

The Russian Central Bank is considering various scenarios of the key rate reduction for the period until the end of the year, Central Bank Chairwoman Elvira Nabiullina said on the sidelines of the Finopolis forum.

When asked whether two more reductions of the key rate are seen as the main scenario for 2019, Nabiullina said she would not comment on the extent of any interest rate cut between now and the end of the year, Reuters reported.

On September 6, the regulator cut the key rate by 0.25 percentage points to 7% annually. The next meeting of the Board of Directors of the Central Bank, will be held on October 25, 2019.

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