July 24, 2020 / 12:32 PM / 13 days ago

Russia c.bank revises neutral key rate range to 5-6% from 6-7%

MOSCOW, July 24 (Reuters) - The Russian central bank has decided to lower its neutral key rate range to 5%-6% from the previous 6%-7%, Governor Elvira Nabiullina told a press conference on Friday.

The decision was made after the central bank cut its key rate by another 25 basis points to an all-time low of 4.5%. Nabiullina told the press conference that the central bank would consider more rate cuts this year. (Reporting by Andrey Ostroukh and Gabrielle Tétrault-Farber; Writing by Katya Golubkova; Editing by Hugh Lawson)

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