The rate affects interest rates on loans

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Summary of the article
The key rate is the percentage at which the Central Bank of Russia borrows money and also accepts it for storage from credit and financial institutions.
and deposits, inflation, the ruble exchange rate, the size of taxes and fines.
If the rate goes up, it becomes singapore telegram data harder to pay off loans, grow your business, and maintain demand from buyers for your goods and services.
If the regulator lowers the rate, companies take out loans more often, their sales grow. It is easier for them to take on new projects and scale up.