register now for free unlimited access to reuterscom register a participant wears a protective face mask at the stand of vtb bank during the st petersburg international economic forum spief in saint petersburg russia june 15 2022 reutersmaxim shemetovfile photo vladivostok russia sept 7 reuters  russias vtb bank vtbrmm ceo andrei kostin on wednesday said there was room for the central bank to cut its key rate to 75 and then 7 from 8 now steps that would stimulate lending in russias banking sector the bank of russia next meets on rates on sept 16 after suffering hefty losses in the first half of this year kostin expects the banking sector to be lossmaking in 2022 but it should return to profit in 2023 though not at the record levels of profit registered in 2021 he said reporting by vladimir soldatkin and alexander marrow editing by tom hogue