Analysts predicted that the Central Bank’s key rate would remain at 14%
Quick Look
- At the meeting on September 11, the leadership of the Central Bank will most likely keep the key rate at 14% per annum.
- This conclusion was reached by 18 out of 19 analysts surveyed by TASS, who pointed to increased pro-inflationary risks and the weakening of the ruble.
AI-generated summary
Why It Matters
The Central Bank's management decides on the key rate at regular meetings.
At the next meeting, which will take place on September 11, the leadership of the Central Bank (CB) will most likely take a pause in easing monetary policy (MCP) and keep the key rate at 14 percent per annum. TASS reports this with reference to the consensus forecast of surveyed analysts.
19 experts took part in the survey. The vast majority (18) of analysts consider the above scenario to be the most likely.
They believe that a number of factors will contribute to maintaining the key rate at the current level, including increased pro-inflationary risks (acceleration of general and core inflation), fuel shortages, weakening of the ruble and the expected increase in government spending. “The balance of factors is now not in favor of further easing of monetary policy,” stated Alfa Capital portfolio manager Alexey Kornev.
What to Watch
AI outlook — possibilities, not facts
Maintaining key rate at the level of 14% per annum at the September 11 meeting
Likely · Within days
Open Questions
- What will be the actual decision of 9/11?
