The Ministry of Economic Development commented on the reduction of the key rate
June 7, 2025, 07:40 Finance Banks, deposits and loans
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Taking into account the slowdown in inflation, the real key rate is higher, the department noted.
Timely easing of monetary policy is important to reduce the risk of overcooling the economy. Given the slowdown in inflation, the real key rate is higher than at the beginning of the year. This was stated by the Ministry of Economic Development of Russia, commenting on the Central Bank's decision to reduce the key rate, TASS reports.
"To reduce the risks of overcooling of the economy, it is important to timely ease monetary conditions, which are actually tough. Given the ongoing slowdown in inflation, both weekly and monthly, the real key rate is currently significantly higher compared to the beginning of the year," the ministry noted.
On June 6, the Bank of Russia lowered the key rate to 20% from 21% per annum. Before that, the rate had been consistently raised since 2023 from 7.5%.
bfm.ru
