50098
Russia Cuts Interest Rate
Russia Cuts Interest Rate

Russia Cuts Interest Rate

Russia Cuts Interest Rate

Russia’s central bank has, as predicted, cut its key rate from 10.5% to 10%, Zero Hedge reported. This is consistent with the continuing rapid fall in inflation. With inflation zero in the first two weeks of September after being zero in the last week of July and through most of August, its annualized rate is now just 6.6%. The central bank has said that it intends to keep its key rate 3% above the annualized rate of inflation for the foreseeable future, so that with annualized inflation running at 6.7% it had the space to announce this rate cut.

Short URL : https://goo.gl/RMm3cB
  1. https://goo.gl/2wDp8O
  • https://goo.gl/eGJQwL
  • https://goo.gl/YDmffA
  • https://goo.gl/B349Gh
  • https://goo.gl/gbLJvy

You can also read ...

Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...

Trending

Googleplus