Anatoly Aksakov: a sharp reduction in the key rate of the Central Bank of the Russian Federation by the end of the year should not be expected

MOSCOW, September 11 - RIA Novosti. A sharp reduction in the key rate at the next meetings of the Bank of Russia should not be expected; by the end of the year it could drop to 13.5%, this opinion was expressed to RIA Novosti by the head of the State Duma Committee on the Financial Market, Anatoly Aksakov.

Following a meeting of the board of directors on Friday, the Central Bank of the Russian Federation for the first time in more than a year decided to maintain the key rate at 14% per annum. At the same time, as at the last July meeting, the regulator did not give a signal about the direction of its further steps: it will make a decision on the rate depending on the dynamics of inflation and inflation expectations, as well as on an assessment of risks from internal and external conditions.

“Taking into account the fact that the situation in the fuel market is being taken under control, including with pricing, I believe that this factor will reduce its influence on inflationary processes. Therefore, I assume that by the end of the year, at the next two meetings of the board of directors, the Bank of Russia will reduce it by 0.25 percentage points,” Aksakov said.

According to him, a sharp reduction in the key rate at the next meetings should not be expected. “But the Bank of Russia will have the opportunity to reduce the key rate this year,” the head of the Duma committee clarified.