Marcel Salikhov, President of the Institute for Energy and Finance commented to the Khabar 24 TV channel (Kazakhstan) on the key rate of the Bank of Russia.
- From the point of view of the Central Bank, it is important to influence the markets and market expectations. Because until that time, there was an expectation that the situation of 2020 or 2022 would repeat, when the Central Bank sharply raised the interest rate, and then lowered it quite quickly. And from the point of view of the Central Bank, its policy, this is a problem. The Central Bank is trying to convince the markets that the rate will remain at a high level for a long time. And it is possible, since the exchange rate is not responding too much to the increase in the key rate right now. At the moment, apparently, the Central Bank will still have to go for some additional increase in the interest rate.