With a decrease in the accounting indicator, the economy is stimulated, which leads to an increase in demand for goods and services, and therefore leads to economic growth
Changes in the key rate directly affect the inflation rate in the country, and also determines the interest on loans issued by commercial lending institutions
Period of application and legislative acts
The refinancing rate was introduced in
The key rate for to existing mobile number list have was introduced in
Impact of changes in the lending rate of the Central Bank of Russia
In order to contain the increase in inflation, the Central Bank pursues a policy aimed at increasing these indicators Thus, with a high indicator of the presented instrument, there is an increase in interest on loans issued As a result, fewer loans are taken,
which leads to a decrease in the amount of money in circulation The less money in circulation, the more expensive they become, respectively, the growth of inflation stops
This economic instrument currently plays the role of one of the most important indicators of the monetary policy pursued in the country In addition, it is used in the field of taxation, to calculate penalties .