The Bank of Russia will begin to reduce the key rate with a steady slowdown in inflation.

13:50; 31 January 2025 year

The Bank of Russia plans to start reducing the key interest rate when a stable slowdown in inflation to the target level of 4% is achieved. This is stated in the responses of the Central Bank of the Russian Federation to questions from readers of the official Telegram channel of the regulator.

The Central Bank also stressed that the level of the key rate is determined based on an analysis of the current economic situation. The regulator uses various data, including statistics, surveys and other economic information, to form an overall picture and make a decision on the rate.

The next meeting of the Board of Directors of the Bank of Russia on the key interest rate is scheduled for February 14.

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