MOSCOW (Sputnik) — After the Russian Central Bank's decision to lower the key interest rate, there is still a potential for its further decrease, the Russian Ministry of Economic Development said on Friday.
"Yes, that was expected. According to our estimates, the potential of further rate decrease remains," a spokesman for the ministry told RIA Novosti.
Earlier on Friday, the Russian Central Bank said it decided to lower the key interest rate to 10.5 percent for the first time in 10 months. The bank has decided to reduce the rate by 0.5 percent.
