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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The Russian central bank cuts its benchmark interest rate for the fifth time this year

    Rocky
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    • Post n°1

    The Russian central bank cuts its benchmark interest rate for the fifth time this year Empty The Russian central bank cuts its benchmark interest rate for the fifth time this year

    Post by Rocky Fri 27 Oct 2017, 2:38 pm

    [size=30]The Russian central bank cuts its benchmark interest rate for the fifth time this year[/size]
    27/10/2017 04:21 | Number of readings:
    font size:  The Russian central bank cuts its benchmark interest rate for the fifth time this year Font_decrease  The Russian central bank cuts its benchmark interest rate for the fifth time this year Font_enlarge
    The Russian central bank cuts its benchmark interest rate for the fifth time this year Thumbnail.php?file=57234b59c46188eb338b45a0_575872406
    [rtl]Trend Press / Agencies[/rtl]
    [rtl]The Russian central bank on Friday cut its key interest rate to 8.25 percent a year from 8.5 percent, according to a press release .[/rtl]
     
    [rtl]This is the fifth reduction in 2017, after reaching 10 %.[/rtl]
     
    [rtl]The main rate of interest is the percentage paid by the central bank on deposits of commercial banks, whether it is an investment for one night or for a month or more. It affects the volume of rates on consumer loans, as well as the level of inflation in the country. This allows for more inflation, but it slows economic growth as entrepreneurs lose access to cheap loans .[/rtl]
     
    [rtl]According to the statement, inflation will be near 4% per year, and will inevitably retreat but needs some time .[/rtl]
     


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