The Russian central bank lowered its key interest rate to 6.00% on Friday and said it may switch to a loose monetary policy stance later this year as inflation has slowed faster than expected. The Russian central bank carried out its biggest interest rate cut in two years on Friday, trimming the key rate to 6.50% from 7%, and hinted it could slash the rate again in coming months because Russia: Central Bank delivers another rate cut in September and maintains dovish tone September 6, 2019. At its 6 September meeting, the Board of Directors of the Central Bank of the Russian Federation (CBR) cut the key interest rate by 25 basis points to 7.00%, marking the third consecutive rate cut this year. The Bank of Russia will assess the effect of the adopted key rate decisions on monetary conditions and inflation movements. Economic activity. Rosstat’s flash estimate shows that 2019 GDP growth totalled 1.3%, which corresponds to the upper bound of the Bank of Russia’s forecast of 0.8–1.3%.
25 Oct 2019 The Russia country-specific ETF could maintain its momentum after the central bank enacted its biggest interest rate cut in two years and hinted
7 Feb 2020 (RTTNews) - Russia's central bank lowered its key interest rate, as widely expected, on Friday. The Board of Directors, led by Governor Elvira 5 Feb 2020 interviewed by the newspaper nevertheless expect the regulator to decide for the sixth consecutive reduction of the key rate, which is the rate Download Table | Dynamics of key rate of Bank of Russia (percentage points). from publication: Currency Crisis in Russia on the Spun of 2014 and 2015: 20 Dec 2019. Last Friday (Dec. 13), the Central Bank of Russia board of directors decided to cut the CBR key rate by 25 basis points to 6.25 %. The CBR said 7 Feb 2020 The Bank of Russia cut its key policy rate by 25bps to 6.00% & has also left the door open for future cuts in 2020, causing the USDRUB to surge 28 Oct 2019 The Russian economy's growth rate still remains subdued. Risks of a substantial global economic slowdown persist. Disinflationary risks exceed
Russia's cash rate (Policy Rate: Month End: Key Rate) was set at 7.25 % pa in Aug 2019, compared with 7.25 % pa in the previous Jul 2019. Russia's Policy Rate averaged 8.25 % pa and is updated monthly, available from Sep 2013 to Aug 2019.
15 Dec 2014 Russia's central bank, in a bid to stem a sharp decline of the ruble, raised its key interest rate Tuesday to 17% from 10.5%.
Russia's cash rate (Policy Rate: Month End: Key Rate) was set at 7.25 % pa in Aug 2019, compared with 7.25 % pa in the previous Jul 2019. Russia's Policy Rate averaged 8.25 % pa and is updated monthly, available from Sep 2013 to Aug 2019.
The Russian central bank lowered its key interest rate to 6.00% on Friday and said it may switch to a loose monetary policy stance later this year as inflation has slowed faster than expected. The Russian central bank carried out its biggest interest rate cut in two years on Friday, trimming the key rate to 6.50% from 7%, and hinted it could slash the rate again in coming months because Russia: Central Bank delivers another rate cut in September and maintains dovish tone September 6, 2019. At its 6 September meeting, the Board of Directors of the Central Bank of the Russian Federation (CBR) cut the key interest rate by 25 basis points to 7.00%, marking the third consecutive rate cut this year. The Bank of Russia will assess the effect of the adopted key rate decisions on monetary conditions and inflation movements. Economic activity. Rosstat’s flash estimate shows that 2019 GDP growth totalled 1.3%, which corresponds to the upper bound of the Bank of Russia’s forecast of 0.8–1.3%.
The Bank of Russia will assess the effect of the adopted key rate decisions on monetary conditions and inflation movements. Economic activity. Rosstat’s flash estimate shows that 2019 GDP growth totalled 1.3%, which corresponds to the upper bound of the Bank of Russia’s forecast of 0.8–1.3%.
We agree that the Russian key rate has scope for reduction and indeed, Russian CPI is likely to see rapid a deceleration from 3.0% YoY in December 2019 to 2.4% YoY in January 2020. However, this is unlikely to be a strong argument in favour of a cut in the key rate, which we see staying at 6.25% on Friday.