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Sberbank does not expect Central Bank to change key rate before end of year

December 13, 2016, 20:03 UTC+3 MOSCOW

The Central bank’s key rate currently stands at 10%

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MOSCOW, December 13. /TASS/. Sberbank does not expect Russia’s Central bank to change its key rate at the next meeting which is scheduled for December 16, Sberbank’s CEO Herman Gref told a press conference after the meeting of the bank’s supervisory board.

"We do not expect changes on the key rate until the end of the year it is also clear why," Gref said.

Currently, the Central bank’s key rate is 10%. The regulator will consider the key rate at its meeting on December 16. But earlier the Central Bank announced that it does not plan to change the key rate until the first quarter of 2017.

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