Russia respects Italy referendum outcome — diplomatRussian Politics & Diplomacy December 07, 13:39
Media: Militants leave Aleppo’s ancient quarters via special corridorWorld December 07, 13:21
Putin offers condolences to president of Indonesia over deadly earthquakeWorld December 07, 13:18
Russia’s Aerospace Force to fully renew aircraft by 2026Military & Defense December 07, 13:07
Press review: Washington’s latest proposal on Syria and cyberattacks on Russian banksPress Review December 07, 13:00
Abe says Tokyo’s cooperation plan with Russia is beneficial for JapanWorld December 07, 12:53
Kremlin reiterates offer for militants to leave Aleppo 'still on the table'Russian Politics & Diplomacy December 07, 12:45
Moscow hopes those to blame for strike on Aleppo hospital will be punishedRussian Politics & Diplomacy December 07, 12:32
Lavrov to meet with Kerry and Steinmeier in HamburgRussian Politics & Diplomacy December 07, 12:28
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.