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26 December 21:14
The head of VTB Andrey Kostin called the timing of the reduction of the key rate in the Russian Federation
12:30; 07 December 2024 year
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VTB CEO Andrey Kostin on the air of the TV channel «Russia-1» called the timing of the reduction of the key rate in the Russian Federation.
According to Kostin, the key rate will decrease in late 2025 & early 2024. To reduce it, it is necessary to reduce inflation in the country.
«If the trend changes and the Central Bank sees that inflation has gone down, we can expect a rate cut», — said Andrey Kostin.
The head of VTB noted that the Central Bank of Russia holds the key rate for Russian society and business. Andrey Kostin said that he respects the leadership of the Central Bank for the fact that the regulator has assumed full responsibility for the anti-inflationary program.
