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[size=30]Russian central bank cuts key interest rate 0.5 percentage points to 8.5%[/size]
15/09/2017 03:34 | Number of readings: 1
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[rtl]Trend Press / Agencies[/rtl]
[rtl]The Russian central bank cut the key interest rate by 0.5 percentage points to 8.5 percent year-on-year.[/rtl]
[rtl]"On September 15, the board of directors of the Central Bank of Russia decided to cut the benchmark interest rate by 50 basis points, to 8.5 percent year on year," the bank said in a statement.[/rtl]
[rtl]The Russian central bank is taking a series of measures, including lowering the interest rate to reach a target inflation rate of 4%, which contributes to the continued growth of the economy.[/rtl]
[rtl]It was the fourth consecutive year in a year that the Russian central bank cut interest rates.[/rtl]
[rtl]"In the next two quarters, it is possible to cut the key interest rate again," the statement said.[/rtl]
[rtl]GDP growth is expected to rise by 2.2% in 2017 instead of earlier forecasts at 1.3-1.8%.[/rtl]
[rtl]Russia's central bank is scheduled to hold its next meeting on interest rates on October 27.[/rtl]
[rtl]http://aletejahtv.org/permalink/181344.html
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