The Board of Directors of the Russian Central Bank will consider the question of the key rate level today. Experts suggest that the key rate will remain at 11% in conditions of instability in the financial and foreign exchange markets and increased inflation risks.
"We are monitoring the performance of volatility. We aim to prevent its excessive growth related to the situation of foreign exchange liquidity and other violations in the market," the chairperson of Russia’s Central Bank Elvira Nabiullina said on January 22.
"We have all the means to be proactive and prevent threats to financial stability in advance," Interfax cited her as saying.
Russian Central Bank to decide on key interest rate level
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