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