US EditionRussian Central Bank Slashes Key Rate, Sees More Balanced Economy Ahead
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8 Articles
The Board of Directors of the Bank of Russia reduced the key rate by 50 basis points, from 16% to 15.5%.
The Bank of Russia has reduced its ref...
Russian Central Bank Slashes Key Rate, Sees More Balanced Economy Ahead
Russia’s Central Bank trimmed its key interest rate to 15.5% at its first rate-setting meeting of the year on Friday, continuing a streak of cuts that saw five reductions last year.
The Bank of Russia again lowered the key rate from 16 to 15.5 per cent of the year.
Inflation in January was 6 per cent compared to the previous year and 1.62 per cent compared to December, well below forecasts
Russia's central bank cuts rates again as economy struggles with budget crisis
Russia’s central bank dropped interest rates to 15.5% on Friday, the fifth cut since last year. Officials lowered rates by half a point from 16%, saying the economy is getting back on track despite prices jumping in January after the government hiked taxes on everyday purchases. The bank expects to keep cutting rates this year, but wants to see inflation moving closer to its 4% target first. Inflation stood at 6.3% as of Feb. 9. That’s down a lo…
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