Diplomat calls US’ allegations about isolation of Russia in UN 'strange'Russian Politics & Diplomacy April 28, 20:58
Experts say Russian hackers strongly demonized in USRussian Politics & Diplomacy April 28, 20:35
Ferrari drivers clock best time in Practice Two of Russia F1 GP in SochiSport April 28, 19:54
Red Bull’s advisor Marko says Kvyat to possibly remain with Toro Rosso next yearSport April 28, 19:16
Pope Francis blesses pregnant TASS correspondent en route to EgyptWorld April 28, 18:55
Russian diplomat says use of military force against North Korean unacceptable, dangerousRussian Politics & Diplomacy April 28, 18:45
UN chief calls for lowering risk of miscalculation concerning North Korea issueWorld April 28, 18:15
Moscow deeply regrets Montenegro’s decision to join NATORussian Politics & Diplomacy April 28, 18:07
Maria Sharapova reaches Porsche Grand Prix semifinalsSport April 28, 17:50
SHANGHAI, November 6. /TASS/. Russia’s Central Bank sees potential for further reduction of interest rates and inflation, its First Deputy Chairman Sergey Shvetsov said on Friday.
"We don’t see any risks from the side of foreign exchange rate… There is potential for reduction of rates and there is potential for reduction of inflation already by the end of the year," Shvetsov said.
First Deputy Chairman of the regulator also said the 7-8% inflation target outlined in its reports, implies the current level of interest rates.
"However, we monitor further inflation forecast and exchange dynamics, and we see potential for reduction of interest rates," he said.
Shvetsov added that at its latest board meeting the Bank of Russia kept its key interest rate unchanged due to high inflationary expectations. "So far we see that annual inflation is still above 15%, which pushes inflationary expectations up," he said.