MOSCOW, March 21. /TASS/. The board of directors of the Bank of Russia will take a decision on the key rate later in the day. Experts expect the key rate to remain unchanged at 21% per annum. They believe that the regulator will maintain a moderately tight signal and will not hint at the possibility of lowering the rate at their future meetings.
At the previous meeting in February the Russian Central Bank maintained the key rate at 21% per annum, noting that it would consider the reasonability of its raising at the next meeting.
Deciding on the key rate in February, the regulator said that the tightness of monetary conditions reached formed the necessary foundations for resumption of the disinflation process and inflation’s return to the target in 2026. That said, the Bank of Russia stresses that it sees signs of a slowdown of price growth rates, though they remain much higher than the 4% target, whereas February inflation figures do not provide any ground for speaking about its stable decline.