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The decision expected from the Central Bank of Russia: Why keep the interest rate constant?

11 февраля 201911 фев 2019

~1 мин

The Central Bank of the Republic of Russia, the market expects a decision in the direction of the meeting: Friday, the CBT kept the benchmark rate rate unchanged at 7.75 percent. Some analysts have argued that there is a small chance of discounting interest rates. However, the Central Bank decided that the inflation risk in the country continued. Therefore, the interest rates did not change. In the statement of the Bank, while the sanctions are on the agenda, the uncertainty regarding the external risks remains, while the economy is expected to grow by 1.2 to 1.7 percent in 2019. The Central Bank of Russia, which increased its interest rates up to 17 percent after the hard devaluation in 2015, gradually decreased the policy rate to 7.25 percent in March 2018.

The Central Bank of the Republic of Russia, the market expects a decision in the direction of the meeting: Friday, the CBT kept the benchmark rate rate unchanged at 7.75 percent.

Some analysts have argued that there is a small chance of discounting interest rates. However, the Central Bank decided that the inflation risk in the country continued. Therefore, the interest rates did not change.

In the statement of the Bank, while the sanctions are on the agenda, the uncertainty regarding the external risks remains, while the economy is expected to grow by 1.2 to 1.7 percent in 2019.

The Central Bank of Russia, which increased its interest rates up to 17 percent after the hard devaluation in 2015, gradually decreased the policy rate to 7.25 percent in March 2018.