Russia’s central bank will hold an emergency meeting on Thursday to consider its key interest rate, it said.
The central bank, which has set the next meeting of its monetary policy for June 10, will announce its decision on interest rates tomorrow (10:30 Greek time), after the extraordinary meeting.
It is recalled that the central bank has reduced interest rates twice by 300 basis points to 14%, after the extraordinary increase at the end of February, to 20%.
Earlier in the day, the bank said inflation expectations among households fell to 11.5% in May from 12.5% in April, a development that gives it more reason to cut interest rates further to boost the shrinking economy. of Russia with cheaper borrowing.
Source: Capital
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