Russia's central bank lowers key rate to 14 pct

   2022-04-30 ecns0
核心提示:Russia's Central Bank has reduced its key interest rate by 300 basis points to 14 percent, it said in a statement Friday."With price and fin
Russia's Central Bank has reduced its key interest rate by 300 basis points to 14 percent, it said in a statement Friday."With price and financial stability risks no longer on the rise, conditions have allowed for the key rate reduction," it added.Recent data has demonstrated a slowdown in price growth rates against the backdrop of the strengthening of the ruble, and a cooling of consumer activity, the bank said.Further inflation movements will be shaped by such impactful factors as the efficiency of import substitution processes and the scale and speed at which imports of finished goods, raw materials and components will be recovering, according to the central bank.The bank's monetary policy aims to take into account the need for a structural transformation of the economy and will ensure a return of inflation to target in 2024.Russia's Central Bank has reduced its key interest rate by 300 basis points to 14 percent, it said in a statement Friday."With price and financial stability risks no longer on the rise, conditions have allowed for the key rate reduction," it added.Recent data has demonstrated a slowdown in price growth rates against the backdrop of the strengthening of the ruble, and a cooling of consumer activity, the bank said.Further inflation movements will be shaped by such impactful factors as the efficiency of import substitution processes and the scale and speed at which imports of finished goods, raw materials and components will be recovering, according to the central bank.The bank's monetary policy aims to take into account the need for a structural transformation of the economy and will ensure a return of inflation to target in 2024.
 
标签: Economy
反对 0举报 0 评论 0
 

免责声明:本文仅代表作者个人观点,与好速译英语翻译(本网)无关。其原创性以及文中陈述文字和内容未经本站证实,对本文以及其中全部或者部分内容、文字的真实性、完整性、及时性本站不作任何保证或承诺,请读者仅作参考,并请自行核实相关内容。
    本网站有部分内容均转载自其它媒体,转载目的在于传递更多信息,并不代表本网赞同其观点和对其真实性负责,若因作品内容、知识产权、版权和其他问题,请及时提供相关证明等材料并与我们留言联系,本网站将在规定时间内给予删除等相关处理.

点击排行