Moscow-Sana
The Russian Central Bank cut the main interest rate by 0.5% to 7.5% annually, indicating that it will take further decisions on the rate, taking into account the dynamics of inflation and the process of restructuring the Russian economy.
The bank said in a statement following a meeting of its board of directors today: The Board of Directors of the Bank of Russia decided to reduce the main interest rate by 50 basis points to 7.5 percent, noting that the current growth rate of consumer prices is still low, which contributes to a further slowdown in inflation.
According to the statement, inflation in Russia during 2022 will be in the range of 11 to 13 percent, indicating that the rate fell last August to 14.3 percent and fell in September to 14.1 percent.
Data related to the Russian GDP for the second quarter and operational indicators indicate that the dynamics of business activity are better than expected last July.
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