If there are no shocks: Nabiullina named the conditions for a rate cut

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13:03; 19 November 2024 year
Википедия

© Википедия

CB will start lowering the key rate next year, unless there are &additional shocks». This was announced by the head of the Central Bank Elvira Nabiullina, speaking at the State Duma.

A rate cut is possible if inflation can be curbed at the level of 4-4.5%.

So, with inflation of 4.5%, the key rate in 2025 will drop to 17-20%, Nabiullina said.