Naбиуллина explained the reduction of the key rate to 14.25%. The… (снижение · ставка · набиуллин)
Naбиуллина explained the reduction of the key rate to 14.25%. The Central Bank of Russia considered three options for lowering the key rate: to 14.5%, 14%, and 14.25%.
Consensus
- The Central Bank of Russia lowered the key rate to 14.25% on June 19.
- The decision was made after considering multiple options, including a 50 basis point cut.
- The CBR cited a significant increase in lending as a key factor in the decision.
- The CBR emphasized that future rate cuts are not predetermined and will depend on economic data.
- The CBR noted that inflationary risks still dominate in the medium term.
Points of divergence
- The CBR considered three options for the key rate reduction: 14.5%, 14%, and 14.25%. — kommersant
- The CBR stated that the space for further rate cuts has become more limited. — vedomosti
- The CBR may need pauses to assess incoming information and the effect of previous decisions. — kommersant
- The CBR considered both reducing and maintaining the key rate at the June 19 meeting. — vedomosti
- Inflation may decrease in July due to deferred utility tariff indexing. — kommersant
Coverage (3 sources)
- Nabiullina Explains Why Key Rate Was Reduced to 14.25% — Коммерсантъ
- Nabiullina States Central Bank's Room for Rate Cuts is Shrinking — Ведомости
- Nabiullina: CB considered lowering and maintaining key rate — Ведомости