Marina E. Lebedeva1 and Sergey N. Slavin2
1Petersburg State University of Economics, Saint-Petersburg, Russia
2Institute of Management – Branch of Ranepa (Federal State Educational Institution of Higher Education “Russian Presidential Academy of National Economy and Public Administration»), Saint-Petersburg, Russia
The article provides a brief analysis of the reasons for lowering the Bank of Russia’s key rate to 4.25% in July 2020. Based on this analysis and identification of the main factors for lowering the key rate, a forecast is made for further changes in the Bank of Russia’s key rate level in the short term. The article also briefly highlights the main forms of state support to increase the availability of credit and reduce its cost.