Cbank sees room for further key rate reduction
CHEBOKSARY, Jun 23 (PRIME) -- RussiaТs central bank sees potential for a further cut of the key rate, First Deputy Chairman Vladimir Chistyukhin said at a forum on Thursday.
УWe can see potential for further reduction of the rate, but we will monitor inflation and inflationary expectations,Ф he said.
The regulator expects inflation to slow down to the target level of 4% in 2024, he also said.
УWe do not say that the target level of 4% must be reached this year, and we have set a range of 5Ц7% for the next year. But we plan inflation to return to 4% in 2024,Ф he said.
The central bank and the government continue the work to shift international settlement to national currencies, and the sum of foreign trade operations in the ruble rises, he added.