MOSCOW (Sputnik) — The Russian Central Bank will be able to set the country's annual key interest rate at 5 percent if the inflation rate reaches 4 percent, Central Bank's Monetary Policy Department Director Igor Dmitriev said Monday.
"If inflation is at 4 percent, then key rates will sooner be 5 percent rather than 4 percent," Dmitriev said during an intercommittee group in the lower parliament.
Russia's current annual interest rate is set at 11 percent.
