Central Bank of the Russian Federations

Another Russian Central Bank Rate Cut

July 28, 2019

The Board of Directors at the Central Bank of the Russian Federation enacted a second reduction of its one-week repo rate. Both cuts were by 25 basis points. Announced on July 26th, the rate drops to 7.25% and follows an initial easing in mid-June. The two cuts reverse a previous duo of hikes in September […] More