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Ulyukaev: key interest rate should be lowered throughout 1st Q 2015

26.12.2014 14:33

Ulyukaev: key interest rate should be lowered throughout 1st Q 2015

YEREVAN, December 26. /ARKA/. Russian Economic Development Minister Alexey Ulyukaev proposes the central bank to down its key interest rate throughout the first quarter of them next year, according to Banki.ru.

“The rate is extremely high now and it should be lowered throughout the 1st Q 2015,” he told journalists on Thursday.

The minister also presumed that banks still have resources to maintain former or close to them interest rates on loans in the first quarter.

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