- Russia Apr Central Bank key rate decrease to 9.25 % (fcast 9.50 %) vs prev 9.75 %. Says gradual decline in nominal interest rates and the easing of non-price bank lending conditions will remain
Market news
28 April 2017
Russia Apr Central Bank key rate decrease to 9.25 % (fcast 9.50 %) vs prev 9.75 %. Says gradual decline in nominal interest rates and the easing of non-price bank lending conditions will remain
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Says assessment of the overall potential of the key rate reduction before the end of 2017 is unchanged
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Annual consumer price growth is down to 4.3% from 4.6% in february
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According to the estimates as of 24 april, annual inflation stands at 4.2-4.3 pct
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Economy continued to recover in the first quarter and expects fixed capital investments to increase. Industrial production is maintaining positive dynamics and unemployment is showing a downward trend
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Inflation is estimated to remain on the path of downward movement towards the 4% target before the end of 2017
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Inflation showed a substantial slowdown in 2017 q1, inflation expectations of both households and businesses were down
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