On December 25, 2009, the Board of Directors of the Bank of Russia has made the decision to decrease the official bank rate and interest rates on some operations of the Central Bank since December 28, 2009 by 0.25 per cent.
In the period of December 1 till 21of this year the gain of consumer prices in Russia has totaled 0.4%. The annual inflation rate (the gain of consumer prices for the recent 12 months) has been decreasing and as of December 21, 2009, has totaled 9% whereas last year it was 13.5%. Taking into account positive inflation expectations and the decision of the Bank of Russia to decrease the interest rates, the risk to excess the official inflation forecast for 2010 is estimated as insignificant.
Bank of Russia
