OREANDA-NEWS The Russian stock market reacted with growth to the decision of the Central Bank of the Russian Federation to continue the cycle of reducing the key rate, lowering the indicator to 15.5 percent per annum. This is evidenced by the bidding data.

By the time the Central Bank's press release on the relevant decision was published, the Moscow Exchange index was declining at about 2,756 points, but the next minute it reached 2,773.93 points, and later exceeded 2,780. By the time of writing, the index had grown by 0.53 percent, to 2,780.19 points.

The Bank of Russia explained the decision to lower the key rate to 15.5 percent per annum by the fact that the country's economy continues to return to a balanced growth trajectory, and the steady indicators of current price growth have not changed significantly.

Evgeny Loktyukhov, head of the PSB's economic and industry analysis department, predicted that such a move by the regulator would help the Russian market, which was "waiting for good news," end the week on a positive note.