Russian Economy Ministry notes potential for further key rate lowering

Business & Economy June 19, 14:24

The Board of Directors of the Bank of Russia resolved to reduce the key rate by 0.25 percentage point

MOSCOW, June 19. /TASS/. The Russian Ministry of Economic Development sees further potential for key rate lowering, the ministry’s press service said.

"Taking into account current trends in the economy, we believe there is the potential for key rate reduction," the press service said.

The Board of Directors of the Bank of Russia resolved to reduce the key rate by 0.25 percentage point to 14.25% per annum.

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