Trend of rates reduction to persist in Russia, says OreshkinStaff Writer | July 14, 2018
The general trend of rates reduction will persist in Russia, the country's Economic Development Minister Maksim Oreshkin said.
Russia Economic Development Minister Maksim Oreshkin
But the general trend of their reduction, according to him, will persist.
Russia’s First Deputy Prime Minister and Finance Minister Anton Siluanov said earlier that he sees potential for a further reduction of the Central Bank’s key rate. At its previous meeting on June 15, the regulator’s board of directors kept the rate unchanged at the level of 7.25%, TASS recalls. ■