Sberbank allows the central bank interest rate to remain unchanged in December or to be reduced by 25 points.
The Bank of Russia's key rate in December may be maintained or reduced by 25 basis points, Taras Skvortsov, Sberbank's deputy chairman of the board and chief financial officer, said on a conference call. "In the last two meetings, the central bank took a break in the cycle of lowering interest rates due to continued high inflation expectations and elimination of production capacity in several industries.