Central bank Russian Federation (Bank Russia) unexpectedly lowered a key rate to 8%

Inflation continues to be slowed down, and Central bank Russian Federation (Bank Russia) should be stimulated crediting and to support economy Board of directors Central bank Russian Federation (Bank Russia) at meeting on July 22 unexpectedly lowered a key rate on 1,5 points, to 8%. This fifth in a row decrease in a key rate after on February 28 Central bank Russian Federation (Bank Russia) raised it with 9,5 to 20% because of cardinally changed conditions in economy and the begun crisis. Since April 8 the rate started decreasing. So radical step in the release explains Central Bank to that the current rates of a gain of consumer prices remain low, promoting further delay of annual inflation — it is connected as...