Friday, 10 June 2016

Bank of Russia Cuts Rate First Time Since July as Risks Fade

Considering what she has had to work with, sanctions, oil prices etc., the central bank's performance has been as good as one could hope for.
From Bloomberg:



Economists were divided after rate pause lasted almost a year


Inflation surprised by remaining unchanged for three months




Russia’s central bank reduced borrowing costs for the first time in
almost a year as its focus shifts away

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