Russias central bank keeps key rate at 7.25% annually - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russias central bank keeps key rate at 7.25% annually

MOSCOW, Jun 15 (PRIME) -- The board of directors of Russias central bank has decided to keep its key rate at 7.25% annually, the regulator said on Friday.

Inflationary expectations of the population and enterprises have slightly increased, which is first of all connected with higher gasoline prices, the regulator said. The rubles weakening in April indicates a moderate impact on dynamics of inflation and inflationary expectations.

The planned tax changes will speed up inflation by around 1 percentage point, the regulator said.

The central bank expects annual inflation at 3.54% in late 2018 and its short-term rise to 44.5% in 2019. Inflation will return to 4% by the start of 2020.

The central bank has retained its forecast for Russias gross domestic product (GDP) growth at 1.52% in 2018 and expects that economic growth will remain around these levels in 20192020.

In JanuaryMarch, Russias GDP grew 1.3% on the year, which is slightly below the March forecast. This is connected with a slower than expected increase of investments in main capital, including with a lower volume of construction works, as well as with the revision of 2017 data by the Federal State Statistics Service, the bank said.

The regulator will make decisions over its key rate taking into account inflationary risks, inflation dynamics and economic development. The next meeting on the issue is scheduled for July 27.

End

15.06.2018 13:50
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 72.2440 -0.1162 19 apr
USD 64.0688 +0.1238 19 apr
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1262.28 -0.26 18:50 18 apr
micex 2560.80 -0.29 18:50 18 apr
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 161.79 -1.35 18:48 18 apr
lkoh 5610.00 +0.47 18:49 18 apr
rosn 435.65 -0.19 18:47 18 apr
sber 232.79 -0.64 18:49 18 apr
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 71.9125 -0.2875 14:59 18 apr
USDTD 63.8950 -0.3250 17:44 18 apr