MOSCOW, July 29. /TASS/. Sber expects the Central Bank’s key rate at 16% by the end of this year, Senior Vice-President, Head of Finance Block of the bank Taras Skvortsov told a press conference.
"We expect the key rate of the Bank of Russia at the level of 16% by the end of the year. Let’s look at the results of the Central Bank’s meeting," he said.
The Bank of Russia maintains a tight monetary policy. The key rate currently stands at 18% per annum. The next meeting of the Central Bank on the key rate is scheduled for September 12.