The comment following the results of meeting Central bank Russian Federation (Bank Russia) Maxime Petronevich, the head of the Center of macroeconomic and regional analyses and forecasting of JOINT-STOCK COMPANY "ROSSIYSKY SELSKOKHOZYAYSTVENNY BANK"

At the last meeting Board of directors Central bank Russian Federation (Bank Russia) decided to increase a rate to 16%. Taking into account observed dynamics of macroeconomic indicators this increase in a key rate can be treated as rather conservative. At the same time taking into account the remained tonality of the press release there are no enough bases to believe that the cycle of toughening monetary policy on it is finished. Growth of a key rate can be continued at the beginning of 2024 if macroeconomic data do not show improvement of a situation of rather observed values. In particular, in October-November...