January 30, 2018 / 11:55 AM / 4 months ago

Putin says stability will lead Russia's central bank to lower rates

MOSCOW (Reuters) - Russia’s central bank may lower its key rate once Russians get accustomed to macro-economic stability, President Vladimir Putin said on Tuesday.

Russian President Vladimir Putin speaks during a meeting with his confidants ahead of the upcoming presidential election in Moscow, Russia January 30, 2018. REUTERS/Grigory Dukor

“We have managed to lower inflation to a historic minimum of 2.5 percent... People need to get used to the fact that the situation is stable. Then the bank will start lowering its rate,” the president said.

Reporting by Darya Korsunskaya; Writing by Polina Ivanova; Editing by Christian Lowe

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