Key rate of the central bank as a factor of influence on the credit bank policy

This article examines the impact of changes in the Central Bank's key rate on the economy as a whole, as well as the level of interest rate changes on loans in Sberbank in the context of a reduction in the key rate. Having studied the methods of influence of rate change, i came to the conclusion that for the Russian economy in the period 2018 - 2019. objectively better reduction of the refinancing rate.