Inflation in the Russian Federation will be curbed by increased interest rates — the Central Bank

16:31; 07 August 2024 year

The participants in the discussion suggested that monetary conditions may further tighten in the second half of the year. The conclusion is contained in the Summary of the key rate discussion published by the Bank of Russia.

"p>gt;In the context of increased inflation expectations, the current level of interest rates was insufficient for savings growth. Analysts state that there was no increase in savings activity in the second quarter. In addition, the dynamics of loans and deposits indicate the insufficient rigidity of monetary conditions.

Earlier, the Central Bank raised the key rate by two percentage points for the first time this year, to 18 percent per annum.

Investment

Events

Niches and markets

Technologies and trends

Development infrastructure