The Central Bank of Russia left the benchmark rate constant at 7.5% – Last Minute Economy News

In the statement by the Russian Central Bank, it is stated that problems relating to the elements of supply and demand in the Russian economy have continued.

Given that the increase in inflation has remained at contained levels, it has been noted that the inflationary expectations of the public and the business world have increased compared to the summer period.

Stressing that the year-end inflation rate should gökyeşitözü between 11 and 13 percent, the statement states: “The Central Bank of Russia has decided to keep the reference rate unchanged at 7.5 percent, without making any changes. “.

The press release also underlines that the partial mobilization process in the country would have a negative impact on consumer demand and on inflationary dynamics in the coming months.

Market expectations were that the Russian central kanepe would keep the reference rate unchanged.

After the Russian Central Bank raised the official interest rate from 9.5% to 20% on February 28 due to sanctions by Western countries, it entered the process of cutting interest rates and the meeting held on February 16. September lowered the interest rate to 7.5 percent.