"Crediting stopped". Why Central bank Russian Federation (Bank Russia) decided to lower a rate at an emergency meeting

Experts wait from the regulator of reduction key to 15% at the end of April In a month after sharp increase of a key rate – on February 28 Central bank Russian Federation (Bank Russia) decided to increase it to 20% – the regulator started reduction of cost of loans. At an emergency meeting on April 8 board of directors Central bank Russian Federation (Bank Russia) decided to lower a rate by 3 pct to 17%. In the press release accompanying this step change of a rate speaks as follows: "The today's decision reflects change of balance of risks of acceleration of growth of consumer prices, recession of economic activity and risks for financial stability". It is observed...