Sunday, September 18, 2016

Russian central bank cuts interest rate further—down to 10 percent

Russia's central bank cut interest rates on Friday amid what analysts called more "aggressive" calls for monetary easing.
The central bank cut its key interest rate by 50 basis points to 10 percent on Friday, saying that it made the decision "given the inflation slowdown, in line with the forecast, decrease in inflation expectations and unstable economic activity."
http://www.cnbc.com/2016/09/16/russian-central-bank-cuts-interest-rate-further---down-to-10-percent.html