Key rate likely to stay at 14%, says RSHB chief
Boris Listov, head of Rosselkhozbank, stated that the Central Bank of Russia is likely to maintain the key interest rate at 14% during its next meeting, citing inflation data and regulatory rhetoric. He expressed hope for a reduction to 12% to boost investment activity in the agro-industrial sector.
Consensus
- The Central Bank of Russia is expected to maintain the key interest rate at 14%
- Boris Listov, head of Rosselkhopbank, made the statement at the Eastern Economic Forum
- Listov cited inflation data and regulatory rhetoric as reasons for no expected change
- The key rate was previously reduced to 14% on 24 July, contrary to a consensus forecast of 14.25%
Points of divergence
- Listov expressed hope for a future reduction to 12% to stimulate investment activity in the agro-industrial complex and reduce budget burden — vedomosti
- On 1 September, Kirill Tremasov, advisor to the Chairman of the Central Bank of Russia, compared the Russian economy to a camel capable of surviving in extreme conditions — vedomosti
Coverage (2 sources)
- Head of RSBH allowed key rate to remain at 14% — Ведомости
- Head of RSBH believes key rate of Central Bank may be kept at 14% at next meeting — ТАСС (Telegram)