Ministry reports US spy agencies' latest attempt to recruit Russian worker was on Jan 14Russian Politics & Diplomacy January 18, 21:57
Austria’s president-elect says he is ready to maintain good relations with RussiaWorld January 18, 21:50
Putin briefs Merkel, Hollande on steps to implement Syrian ceasefireRussian Politics & Diplomacy January 18, 20:39
Putin, Merkel, Hollande agree to give fresh impetus to Normandy Four activitiesRussian Politics & Diplomacy January 18, 20:26
Russian Eurobonds may be floated in spring 2017 — finance ministerBusiness & Economy January 18, 19:48
Russia, Turkey report 14 ceasefire breaches in Syria per dayWorld January 18, 19:17
Analyst believes removal of sanctions can be political bargaining chip with RussiaRussian Politics & Diplomacy January 18, 18:45
Arctic Forum’s task is to change perception of region as source of raw material — officialBusiness & Economy January 18, 18:28
OPEC revises Russia’s oil production outlook downward by 110,000 bpd in 2017Business & Economy January 18, 18:20
VLADIMIR, August 17. /TASS/. The key interest rate will go down and may reach the target inflation level of 4%, Presidential aide Andrei Belousov said on Monday.
"Over the medium term, the key rate will near the target inflation level, that is it may reach the 4-5% level within several years," he said.
However, he added that changing environment on the forex market and a crude oil price plunge may hinder it. "If it [oil price] slumps of course the Central Bank may stop the process [of reducing the key rate]," Belousov said.
The necessity of a further reduction of the key rate is backed by a threat of instability in the banking sector," Presidential aide said. "For banks, the opportunities of forming passives will worsen, banks will be in arrears and the banking sector may face the threat of instability," he said.
Presidential aide added that the Central Bank’s decision to raise its key interest rate last year was the only right decision as it allowed slowing negative processes in the economy.