Bank of Russia head Elvira Nabiullina in recent months has been under pressure on the issue of reducing the main rate.
The Bank of Russia at a meeting on Friday, June 6, reduced the basic rate from 21% to 20% per year. This is proven by the release of the Russian regulator.
In the first instance since the fall of 2022, the rate reduction was a surprise to most experts who predicted the rate maintenance to the record from the beginning of the 2000s: This forecast was provided by 19 of the 26 economists interviewed by Reuters.
The current price increase with the time -term is slowed up to 6.2% in terms of 2.0% on average 8. At the same time, the economy, the state of the central bank slowed down.
The Bloomberg news agency, which refers to the resources, the note that the pressure has risen to the head of the Russian Bank of Russia in recent months. Government officials who need to report on implementing the economic growth plan (by 2.5%, according to the mayor’s forecasting) and large companies whose balance has completely disappeared that have been asked to reduce the rate.
As we have already written, a state of foreign economic state of the Russian Federation, published by Ukraine’s Foreign Intelligence Service indicates that Russia could lose a financial pillow in 2026 due to rapid reduction in oil revenues.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.