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
