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  Wednesday, October 16, 2019
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The Central Bank of Russia could further reduce its refinancing rate this year if inflation slows down
The Central Bank of Russia could further reduce its refinancing rate this year if inflation slows down, the bank's chief said Wednesday. "We are thinking about that [about reducing the refinancing rate]. This will be difficult but possible if inflation slows down," Sergei Ignatyev said. Ignatyev said the CBR had cut the refinancing rate from 13% to 12% at the end of 2005 and to 11.5% in June 2006 to reduce borrowing costs and make loans more affordable.
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