Russian Central Bank reduces interest rate 0,25%

Cavid Əzimov
Author

Baku. 27 October. REPORT.AZ/ Russia's Central Bank cut interest rate by 0.25 % to 8.25% at today's meeting.

Report informs referring to RIA Novosti, the bank has stated.

It is the fifth times the Russian Bank cuts the rates in 2017. The decision of Russian Bank coincides with forecast of financial markets.

Report informs, the decision reduced the Russian ruble against the US-dollar by 0,5% and now it stays at 58,15 RUB/USD level. 

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