Russia: predicted speed growth of key rate

Analysts believe that the Bank of Russia on Friday, April 23, due to the growth of geopolitical tensions and still an unstable situation with inflation will increase the key bid for the second time in a row, writes RIA Novosti.

The main scenario is to increase the key bet in April 2021 by 0.5 percentage points to 5 percent. “This will contribute to the growth of geopolitical tensions and increased risks of the introduction of” hard sanctions “; and inflationary pressure both in Russia and in most developing economies,” said the Managing Director of the Rating Service of NRA Sergey Grishunin.

Earlier, the head of the Russian Central Bank Elvira Nabiullina gave a forecast for the time limits of the domestic economy. According to her, it will happen in the current year. “We expect growth to continue, and we also expect that the economy will return to the pre-crisis level by the end of this year,” Nabiullina said during a press conference. She also responded to the question of whether the enhancement of the key rate would lead to the slowdown in the growth rate of the economy.

/Media reports.