October 25, 2019 / 1:03 PM / a month ago

Russian central bank says still sees neutral key rate at 6%-7%

MOSCOW, Oct 25 (Reuters) - Russia’s central bank said it still saw the key interest rate range for a neutral monetary policy at between 6% and 7% after cutting its key interest rate to 6.50% earlier on Friday.

The bank carried out its biggest interest rate cut in two years on Friday and hinted it could slash the rate again in the coming months because of slowing inflation.

Reporting by Elena Fabrichnaya; Writing by Gabrielle Tétrault-Farber; Editing by David Clarke

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