16:19 - 13.09.2024

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September 13, Fineko/abc.az. The Bank of Russia raised the key rate by 100 basis points to 19% per annum and indicated the possibility of raising it at the next meeting.

ABC.AZ reports that this is stated in a press release following the meeting of the Board of Directors of the Bank of Russia.

"On September 13, 2024, the Board of Directors of the Bank of Russia decided to raise the key rate by 100 bp, to 19.00% per annum. Current inflationary pressures remain high. Additional tightening of monetary policy is required in order to resume the disinflation process, reduce inflation expectations and ensure that inflation returns to the target in 2025. The Bank of Russia admits the possibility of raising the key rate at the next meeting," the Bank of Russia said in a statement.