PARNAS leader attacked during march in Nemtsov’s memorySociety & Culture February 26, 16:59
Donetsk water purification station recaptured from Ukrainian radicalsWorld February 26, 15:24
Russian skiers Ustyugov, Kryukov win team sprint at World ChampionshipsSport February 26, 15:23
Opposition activist Dadin sentenced for disorders at rallies leaves jailRussian Politics & Diplomacy February 26, 12:58
Aerospace Force chief says Russian army to get new combat jets and helicoptersMilitary & Defense February 26, 11:15
Mistura says Homs terror attacks attempt to derail Geneva talksWorld February 26, 5:49
Where to watch unique solar eclipse and spectacular ‘ring of fire’Science & Space February 26, 3:24
HNC expects Trump to correct Obama's mistakes in Syria - delegation headWorld February 26, 3:08
War on terror to dominate Geneva talks — Syrian UN envoyWorld February 25, 23:48
MOSCOW, January 20. /TASS/. Russia’s Central Bank may keep its key interest rate at 11% per annum due to volatility on the forex markets traditional for December-January period, President of OPORA-Russia Alexander Kalinin said on Wednesday.
"Obviously reduction is necessary in future. Another issue is whether it’s necessary in January as December and January are traditionally the months with biggest speculative operations on the forex market, so particularly in January I would honestly keep the rate unchanged," he said, adding that he expects the key rate to be reduced in spring.
In mid-2015, Russia’s Central Bank took a break after lowering the key rate (the rate of weekly repo) several times in a row. Currently, the key rate is 1%. At the same time the regulator gave a signal to the market that it would further cut the key rate at one of its next 3 meetings. The next meeting of its board of directors will be held on January 29. All the rates in the economy, including rates on loans given to small and medium-sized businesses, depend on the key rate set by the Central Bank.