20.03.2025, 15:27
The Accounting Chamber will assess the impact of the Central Bank's key rate on the economy
Source: OREANDA-NEWS
OREANDA-NEWS In 2025, the Accounting Chamber of the Russian Federation will assess the impact of the Central Bank's key rate on the economy and budget expenditures of Russia, said the head of the department, Boris Kovalchuk, delivering a report to the State Duma.
"The audit plan of our department for 2025 includes an expert and analytical event related to the analysis of the impact of changes in the key rate on inflation," he said.
The key rate of the Central Bank of the Russian Federation: why it is needed, why it changes and what it affects
March 16, 12:54 p.m.
He noted that in a year and a half, from June 2023 to December 2024, the Central Bank's key rate increased 2.8 times. "This affects investments in fixed assets. We can already see by the results of the fourth quarter of 2024, and according to forecasts for 2025, that a significant decrease is expected in investments in fixed assets, which is due to the high cost of loans," Kovalchuk said.
According to him, investments continue only in those areas where interest rates are subsidized, "or in case of hopelessness, when the investment cycle can no longer be stopped."
"As part of our event, we will, among other things, analyze the impact of the key rate on federal budget expenditures," the head of the Accounting Chamber added.
"The audit plan of our department for 2025 includes an expert and analytical event related to the analysis of the impact of changes in the key rate on inflation," he said.
The key rate of the Central Bank of the Russian Federation: why it is needed, why it changes and what it affects
March 16, 12:54 p.m.
He noted that in a year and a half, from June 2023 to December 2024, the Central Bank's key rate increased 2.8 times. "This affects investments in fixed assets. We can already see by the results of the fourth quarter of 2024, and according to forecasts for 2025, that a significant decrease is expected in investments in fixed assets, which is due to the high cost of loans," Kovalchuk said.
According to him, investments continue only in those areas where interest rates are subsidized, "or in case of hopelessness, when the investment cycle can no longer be stopped."
"As part of our event, we will, among other things, analyze the impact of the key rate on federal budget expenditures," the head of the Accounting Chamber added.
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