The Central Bank has spoken about another increase in the key rate.
Representatives of the regulator do not rule out that they will resort to such a measure in the near future.
Deputy Chairman of the Central Bank Alexei Zabotkin stated this during a meeting with journalists, TASS reports.
Let us recall that a meeting of the regulator is scheduled for October 25, during which the need for another increase in the key rate will be discussed.
Zabotkin did not rule out that during the discussion and analysis of the current situation, the organization will ultimately decide to raise the rate.
Increase in the key rate
Raising the key rate is a measure that the regulator is forced to resort to in order to curb the growth of inflation.
The key rate determines how much interest rates on deposits and savings accounts will rise.
After this measure, it becomes more profitable to invest money than to spend it, which in turn reduces the demand for goods and services. And this is precisely the main condition for slowing down inflation.
Author: Irina Tint
