The regulator sees possibilities of lowering the key rate, CBR chairwoman Elvira Nabiullina said, addressing the Finance Ministry's extended collegium.
"A much faster slowing of inflation provides more space for a rate cut as early as April. I admit that there may be a discussion at the next board meeting about the rate cut by 0.25% to 0.5%," she said.
Meanwhile, the central banker claimed that "moderately tight monetary policy" will persist.
The central banker previously said that the trend of rate cuts is seen in the medium term. "We'll do this in a soft and gradual manner," she pointed out.
For the record, the Bank of Russia's board of directors decided at the March 24 meeting to lower the key rate to 9.75%. The regulator's next board meeting, at which the key rate will be considered, is scheduled for April 28.
