Russia Holds Rate, Keeps Eye On Impact Of Last Rate Hike
Russia’s central bank held its benchmark refinancing rate steady in October, as expected, saying inflation expectations had eased following its recent rate hike, certain food prices had dropped and there were few upward price pressures from demand. The Bank of Russia, which surprised markets by raising rates in September to the [...]
Russia’s central bank held its benchmark refinancing rate steady in October, as expected, saying inflation expectations had eased following its recent rate hike, certain food prices had dropped and there were few upward price pressures from demand.
The Bank of Russia, which surprised markets by raising rates in September to the current 8.25 percent, said it would continue to keep track of inflation risks and “the consequences of the monetary tightening for the … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards