Krasnodar FC beats Crvena Zvezda 3:2 in Europa League play-off first leg matchSport August 17, 22:45
Putin offers condolences to King of Spain over Barcelona attackRussian Politics & Diplomacy August 17, 22:37
Russia condemns terror attack in BarcelonaRussian Politics & Diplomacy August 17, 21:32
Russian lawmaker calls on Europe to join efforts in war on terrorRussian Politics & Diplomacy August 17, 21:03
Australia-born track cyclist Perkins says excited to become Russian citizenSport August 17, 20:04
Van rams into pedestrians in BarcelonaWorld August 17, 19:33
Moscow sees chance to improve Russia-US tiesRussian Politics & Diplomacy August 17, 18:47
Russian cosmonauts launch several nanosatellitesScience & Space August 17, 18:42
Deputy PM Mutko pledges to reinstate Russia’s membership with IAAF in nearest futureSport August 17, 18:22
MOSCOW, March 24. /TASS/. The Central Bank will hopefully continue reducing the key rate, Russian Industry Minister Denis Manturov said on Friday.
"First of all, we appreciate [the reduction] even by 0.25 percentage points. As far as further prospects are concerned, we expect and assume the key rate will continue declining later on," the minister said in a comment on the decision taken by the Bank of Russia on key rate reduction.
The key rate and the ruble rate are influencing on annual performance of the industrial sector, Manturov said.
"If the ruble rate corresponds to the fundamental value and realities and the key rate is lower, then the performance will be higher for the processing sector of the industry and for other branches of the economy," he added.