13 March 2012, Tuesday, 15:32

Refinancing rate still amounts to 8%

author: Alfia Sharafutdinova

The Central Bank of Russia reserves refinancing rate at the level of 8%. The corresponding decision was made today, March 13, press-service of the Central Bank of Russia reports.

Specialists of the Bank say this decision is explained by slow inflation rates first of all. At the beginning of March the rise of consumer prices made up 3,7% and the index of basic inflation dropped to 5,7%.

“Preliminary made decision concerning freeze of the majority of regulated prices and tariffs till the middle of 2012 and ruble bulwark, recently observed, contributed to inflation slowing” – said on the site of Central Bank of Russia.

The next gathering of the Bank’s board of directors, where the problems of monetary-credit policy have to be considered, is planned on the first decade of April 2012.