Baku 23° C
Bank of Russia downgrades the key rate
Finance
- 15 December, 2017
- 13:00
Add Report.az to preferred Google sources
Stay up to date with the top news!
Moscow. 15 December. REPORT.AZ/ The Bank of Russia Board of Directors made a decision to cut the key rate to 7.75% from 8.25% on December 15, Report informs referring to the RIA Novosti.
“The inflation is at the level of 2.5% and will eventually approach to 4% by late 2018.
The extension of the agreement on cutting oil output decreases the inflationary risks till the year end. Considering that the Bank of Russia lowered its key rate by 0,50 basis points,” stated the website of the Bank.
The decision of Bank of Russia differs from the forecast of financial markets which expected that key rate will be cut by 25 basis points.
Report informs, amid the news Russian ruble down by 0,43% making 59 RUB/USD.
Author
Latest News
22:05
US crude oil inventories fall by 8.6 million barrels
Other countries
21:38
Photo
Azerbaijani weightlifter Fuad Hasanov wins three medals at European Championships
Individual sports
21:17
Video
President Ilham Aliyev's social media accounts shared video on inauguration of Trans-Caspian Fiber-Optic Cable Line
Foreign policy
21:07
Photo
Baku hosted 7th CICA Summit, President Ilham Aliyev addressed the event - Updated
Foreign policy
21:00
Pakistan congratulates Azerbaijan on successful CICA summit
Foreign policy
20:37
Uzbek President Shavkat Mirziyoyev concludes working visit to Azerbaijan
Other countries
20:24
Azerbaijan's secular state model receives support on Turkish social media
Analytics
20:06
Photo
Sites of Memory of Western Azerbaijan: Kichik Mazra villagers subjected to massacre, deportation by Armenians
Domestic policy
19:41
IEA members to release more than 400 million barrels from strategic reserves
Other countries