The chief economist of Sovcombank, Kirill Sokolov, assessed the possibility of lowering the key rate of the Central Bank at a meeting of the board of directors on Friday, July 24.
This was reported by Rossiyskaya Gazeta.
According to the expert, the regulator will choose the step of lowering the key rate between 0.25 and 0.5 percentage points, that is, up to 4 – 4.25%.
“Overcoming the negative consequences of the coronavirus is now the central task of the government and the Bank of Russia. Reducing the key rate will make money in the economy cheaper, which will stimulate investment and consumer demand, ”he explained.
Earlier, economist and political scientist Nikita Maslennikov, in an interview with Nation News, commented on the decision of the Bank of Russia to reduce the key rate to 4.5% per annum.