By Walter Grand in Economy —

Bank of Russia returns the former parameters of the program of state support for SMEs - Frank RG

Bank of Russia returns the former parameters of the program of state support for SMEs - Frank RG
Photo by Nikolay Vorobyev / Unsplash

The regulator cancels the fixed rate on programs to stimulate small and medium-sized businesses, which was 9.5% after the key rate jumped to 20%.

Now the rate for SMEs will again be calculated according to the formula "key rate minus 1.5 p.p.". The decision was taken against the background of the key rate reaching the level of 9.5%.