Bank of Russia Forecasts Investment Volume to Match Last Year's Level
Quick Look
- The Bank of Russia forecasts that total investments in the Russian economy this year will be comparable with last year's level, Central Bank chief Elvira Nabiullina said at a press conference.
- The central bank also lowered its key rate by 0.5 percentage points to 14.5% per annum, marking the eighth consecutive rate cut.
AI-generated summary
Why It Matters
The Bank of Russia has been consistently lowering its key rate throughout the year as part of its monetary policy easing cycle. The eighth consecutive rate cut demonstrates ongoing efforts to support economic activity in Russia.
MOSCOW, April 24. /TASS/. The Bank of Russia forecasts that total investments in the Russian economy this year will be comparable with the last-year indicator, Central Bank chief Elvira Nabiullina said at the press conference after the Board meeting. "According to our forecast, the total investment volume this year will be comparable with the last-year one," she said. The Bank of Russia lowered the key rate earlier today for the eighth time in a row, this time by 0.5 percentage point (pp) to 14.5% per annum.
Open Questions
- What was the exact investment volume last year?
- What specific factors are driving the flat investment outlook?
- When might the next rate cut occur?
