On September, 29, 2009 the board of directors of the Bank of Russia has made a decision to decrease the official bank rate by 0.5 percent to 10 percent since September, 30, 2009.
This decision is the result of liability to do additional stimulation of economic activity.
Further movements of the Central Bank in this direction will be defined by necessity of creation of conditions for credit activity expansion and stimulation of economic growth taking into account development of inflation trends.
Central Bank of Russia
