Militants launch shell on exhibition complex near Damascus - televisionWorld August 20, 15:27
Cardinal Parolin: Dialogue of Roman Catholic and Orthodox Churches to help them feel unitySociety & Culture August 20, 8:27
Polina Dibrova, mother of three, wins Mrs. Russia 2017 beauty pageantSociety & Culture August 20, 4:41
Russian emergencies ministry plane returns from firefighting mission in ArmeniaWorld August 20, 4:39
East Ukraine conflict claimed nearly 3,000 civilian lives — ICRCWorld August 20, 1:56
Renowned Russian filmmaker Andrei Konchalovsky turns 80Society & Culture August 20, 0:48
One of seven injured in Surgut stabbing spree in critical condition — authoritiesSociety & Culture August 19, 23:51
Netanyahu expects to meet with Putin in Sochi on August 23 — Israeli premier’s officeRussian Politics & Diplomacy August 19, 22:47
Surgut attacker is identified as a local resident - investigationSociety & Culture August 19, 14:09
HANOI, May 22. /TASS/. Russia’s Economic Development Ministry expects the Central Bank to pursue a more aggressive policy regarding the reduction of its key rate if the oil production cut agreement between OPEC and non-OPEC nations is extended, the Minister Maksim Oreshkin said Monday.
"Of course, this will open up more opportunities, and more pressure will be put on the Central Bank towards the reduction of rates," Oreshkin said when asked whether the regulator will have to cut the key rate more aggressively if the oil output reduction deal is extended and the inflation target is downgraded to 3.8%.
The Russian Ministry of Economic Development does not rule out that the budget deficit in 2017 may fall below 2% of GDP due to growth of oil prices in the event of a positive decision to extend the agreement to reduce oil production:
"The budget deficit may be below 2%. Oil grows, and oil and gas revenues will be higher," the minister said.