Russia cuts benchmark refinancing rate - News - Dukascopy Bank

Fri, 23 Dec 2011 11:01:17 GMT
Source: Bloomberg
 
© Scanpix/AFP
Russia unexpectedly lowered country's refinancing rate while increasing its overnight deposit rate after inflation decelerated, reaching the smallest year-end reading since the collapse of Soviet Union. Bank Rossii cut nation's refinancing rate from 8.25% to 8.0%. Decision was made to circumvent inflation risks and threats to economic growth.

 


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