ST. PETERSBURG, June 5 (RIA Novosti) - Russia's
Central Bank could cut its key lending rate to 10% in 2010, the
finance minister said on Friday.
"If inflation reaches 10% (the basic forecast for 2010),
the refinancing rate may be cut to 10% in the middle or by the
end of the next year," Alexei Kudrin told journalists at the
St. Petersburg International Economic Forum.
He added that the refinancing rate needs to be lowered
carefully because the GDP and inflation forecasts for 2010 are
uncertain.
The Central Bank announced on Thursday it would further
cut the refinancing rate by 0.5 percentage points to 11.5% per
annum from June 5, following a slowdown in consumer price
growth.
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