Gref sees chances of key rate cut

Gref sees chances of key rate cut

The Russian central bank may reduce its key rate at the next meeting on September 16, Sberbank CEO German Gref said.

“If inflation goes down, there are chances,” Interfax cited Gref as saying.

The board of directors of the ruler decided on July 29 to keep the interest rate at 10.5% after a 0.5 percentage point reduction in June.
 

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