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Central Bank may cut key rate to 8.5-8.25% by end-2017 — ex- finance minister

Логотип TASS TASS 11.07.2017 TASS

YEKATERINBURG, July 11. /TASS/. Russia’s Central Bank may reduce its key rate to 8.5% and even 8.25% per annum by the end of 2017, Chief of Russia’s Center for Strategic Research (CSR) Aleksei Kudrin said Tuesday.

"My outlook (for the Central Bank’s key rate - TASS) has been 8.5% as of yearend, and it is still the same - 8.5%, maybe even 0.25 percentage points lower," he said.

ITAR-TASS

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