Russian central bank
Russian Monetary Policy Left Unchanged
August 4, 2011
Bank Rossii kept its refinancing rate and deposit rates steady at 8.25% and 3.5%, respectively, today. After the last meeting a month ago, there had been some speculation that officials might tighten further, but global circumstances are too precarious now. The refinancing rate was reduced by 525 basis points in 2009-10, the last move being […] More
