Russia’s central bank about key rate in 2018

Russia’s central bank expects inflation in December to be approximately on the same level as in November, but there is a possibility that prices could increase slightly, the head of the analytical department at the central bank Alexander Morozov said.

The official said that inflation in December could be at around 2.6%, Reuters reported.

Morozov also said that the key rate can be cut to 6.5% next year.

Last week the central bank delivered a sharper-than-expected rate cut, slashing the key rate by 50 basis points to 7.5%.