The Bank of Russia expectedly lowered the key rate by 1.5 percentage points. – up to 9.5% per annum, returning it to the pre-sanction level. The Central Bank slightly tightened the signal in the statement on the key rate: now it will assess the feasibility of further reduction at the next meetings. The regulator lowered the inflation forecast in the Russian Federation for 2022 to 14-17% from 18-23%, in 2023 it expects 5-7%, returning to 4% in 2024
