https://sputnikglobe.com/20250912/russias-rate-cut-at-17-could-boost-investments-and-growth---rdif-head-1122774916.html
Russia’s Rate Cut at 17% Could Boost Investments and Growth - RDIF Head
Russia’s Rate Cut at 17% Could Boost Investments and Growth - RDIF Head
Sputnik International
MOSCOW (Sputnik) - Following a meeting of the Board of Directors earlier in the day, the Russian Central Bank lowered its key interest rate for the third time... 12.09.2025, Sputnik International
2025-09-12T19:08+0000
2025-09-12T19:08+0000
2025-09-12T19:08+0000
economy
kirill dmitriev
elvira nabiullina
russia
russian central bank
russian direct investment fund (rdif)
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Russian Direct Investment Fund (RDIF) CEO Kirill Dmitriev, who is also the Russian special presidential representative for investment and economic cooperation with foreign countries, said on Friday that the Russian Central Bank's reduction of the key interest rate by 1 percentage point to 17% gives prospect for new investments and economic growth.Earlier in the day, the governor of the Russian Central Bank, Elvira Nabiullina, said that the bank's decision on the key rate in October will largely depend on budget parameters. She added that the Central Bank assumes Russia's budget will be disinflationary by the end of 2025, but is waiting for amendments to it.
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Russia’s Rate Cut at 17% Could Boost Investments and Growth - RDIF Head
MOSCOW (Sputnik) - Following a meeting of the Board of Directors earlier in the day, the Russian Central Bank lowered its key interest rate for the third time in a row, but only by 1 percentage point, to 17% per annum. However, this is still the lowest figure since the end of July 2024.
Russian Direct Investment Fund (RDIF) CEO Kirill Dmitriev, who is also the Russian special presidential representative for investment and economic cooperation with foreign countries, said on Friday that the Russian Central Bank's reduction of the key interest rate by 1 percentage point to 17% gives prospect for new investments and economic growth.
"This opens the way for new investments and growth, and allows the economy to evolve more dynamically. We hope for a further reduction of the key rate," Dmitriev said on Telegram.
Earlier in the day, the governor of the Russian Central Bank, Elvira Nabiullina, said that the bank's decision on the key rate in October will largely depend on budget parameters. She added that the Central Bank assumes Russia's budget will be disinflationary by the end of 2025, but is waiting for amendments to it.
