The Bank of Russia decided on another reduction of the key rate

The central bank of Russia decided on another reduction of the key rate. Cbr decides on the basis of which the key rate from 19 june (monday) will be 9%. The previous decline in the key rate took place on 2 may. From that time until the present day figure corresponded to 9. 25 p/p.

About the need to reduce the key rate say almost on a regular basis. Most interested in reducing the business community, most of whom (especially small business) bank loans, going from the key rates at 10%, leading to losses. Actively discussed the possibility of a rate cut during the st. Petersburg international economic forum.

Representatives of the leadership of the central bank of the Russian Federation has listened to the business community and decided to go on another "Softening". It is important to add that the day before representatives of the bank of Russia and national bank of China held talks on expanding the use of national currencies in mutual settlements. The press service of the central bank of the Russian Federation:during the round table representatives of national regulators, commercial banks and business circles of the two countries discussed the current state and perspectives of using national currencies in bilateral payments, and possible steps to expand the practice of such calculations. Special attention was paid to trading currency pair "Chinese yuan – Russian ruble", the prospects for issuing bonds denominated in yuan on the Russian market, as well as the use of rubles and yuan in the border areas of Russia and China.