Archive for June 11th, 2016

Central Bank Watch

50 Basis Point Central Bank Interest Rate Cut in Russia

June 11, 2016

Russian monetary authorities reduced their key interest rate to 10.5% on Friday from 11.0% and released a statement¬†that emphasized improved inflation dynamics. ¬†” Inflation risks shaped by the dynamics of budget expenditures, inflation expectations and oil prices were subdued. Certain advances in nominal wage growth did not drag on inflation. Those positive price dynamics installed […] More