The Central Bank explained the pause taken at the key rate “after 10 steps down” // Tremasov: the Central Bank follows the basic scenario at the key rate

The Central Bank (CB) follows the baseline scenario for the key rate, despite a pause in its reduction, said Advisor to the Chairman of the regulator Kirill Tremasov. At the meeting on September 11, the Central Bank kept the rate at 14% per annum.

According to Tremasov, the Central Bank took the first pause after 10 steps down. Questions arise that this is the end of the key rate cut cycle, the PrEP easing cycle, or is it really a pause, or perhaps it is necessary to prepare for an increase, for tightening monetary policy? The main thesis is that this is the consolidated opinion of the board of directors – we remain within the framework of the baseline scenario, the representative of the Central Bank said at the TNF forum.

The Central Bank called the reason for the pause the rise in fuel prices, which led to the acceleration of inflation – as the regulator hopes, temporary. According to the head of the Central Bank Elvira Nabiullina, the regulator should not allow “one-time acceleration of inflation to develop into a stable trend”, and for this it is necessary to maintain “moderately tight” monetary conditions.

Details - in the material "Kommersant" "CB threw anchor".