Central Bank of Russia raised discount rate


October 22, Fineko/abc.az. The Central Bank of Russia raised the key rate immediately by 0.75%. Now it is 7.5% per annum.

ABC.AZ reports with reference to the Russian press that according to forecasts, by the end of 2021 inflation is expected in the range of 7.4-7.9%. This is stated in the statement of the Bank.

According to Central Bank’s forecast, taking into account the monetary policy, annual inflation in 2022 will decrease to 4.0-4.5%, and in the future it will approach 4%.