MOSCOW (Sputnik) — Macroeconomic conditions in Russia give reasons to expect further key rate cuts in the short term, country's Prime Minister Dmitry Medvedev said Sunday.
"At the moment, we can say that prices' growth slowed, inflation has lowered, and this gives reasons to assume that in the relatively short term, it will be possible to talk about reducing the main bank interest rates, including the key rate of the Central Bank," Medvedev told Channel One broadcaster in an interview.
On September 16, the Russian Central Bank decided to cut the key rate by 0.5 percent down to 10 percent. In June, the key rate has been lowered by 0.5 percent from 11 percent.
