MOSCOW, February 8. /TASS/. The Board of Directors of the Bank of Russia will keep the key rate at 7.5% per annum for the third time in a row at the meeting on February 10, experts questioned by TASS say.
Last year, the Bank of Russia lowered the key rate six times in a row, which was preceded by a record jump to 20% in February due to sanctions pressure from Western countries and the economic shock. However, the rate has remained unchanged since September 2022 amid moderate price growth, muted consumer demand and prevailing pro-inflationary risks.
Now, according to experts, pro-inflationary factors continue to multiply. However, it is premature to raise the rate, as inflation remains moderate, the prospects for a recovery in demand are uncertain, and "long" interest rates in the economy are already quite high, experts say.