Executive: Cbank to keep cutting key rate if inflation stable

MOSCOW, Dec 1 (PRIME) -- The central bank will gradually reduce the key interest rate if there are no serious external shocks shifting inflation from a target level of 4%, Andrei Lipin, deputy director of the monetary policy department, said at a forum on Friday.

“The central bank is watching how the situation develops, we look at inflation expectations, we look at the dynamics projected for 2018, at what will happen in terms of external shocks… and we see a room for (the key rate) reduction if it does not influence the inflation target,” he said.

The central bank’s board of directors will next meet on December 15 to discuss the key rate last time this year.

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