Bank of Russia Cuts Key Interest Rate to 8.5%

The Bank of Russia is considering a key rate cut within six months, aiming to ease monetary policy while monitoring the economy and inflation. They will evaluate past decisions and market forecasts to ensure monetary conditions meet expectations. Although inflation has reached the target level of 4%, the focus remains on stabilizing prices and reducing inflation expectations. The Central Bank prioritizes addressing pro-inflation risks and plans to transition from a moderately tight to a neutral monetary policy. Upcoming monetary policy guidelines will outline key principles for the next three years.

What is the Bank of Russia planning to do within the next six months?

• Increase the key rate

• Cut the key rate

• Maintain the current key rate

• Abolish the key rate

What is the current target level of inflation according to the Bank of Russia?

• 4%

• 5%

• 3%

• 2%

What is the main focus of the Central Bank in the context of inflation?

• Deflation risks

• Pro-inflation risks

• Exchange rate stability

• Interest rate hikes

What transition is the Central Bank aiming to complete?

• From a neutral to a tight monetary policy

• From a neutral to a loose monetary policy

• From a tight to a neutral monetary policy

• From a loose to a tight monetary policy

What will the upcoming monetary policy guidelines describe?

• The Central Bank's key principles for the next decade

• The Central Bank's key principles for the next five years

• The Central Bank's key principles for the next three years

• The Central Bank's key principles for the next year