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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

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    Russian central bank cuts key interest rate 0.5 percentage points to 8.5%

    Rocky
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    • Post n°1

    Russian central bank cuts key interest rate 0.5 percentage points to 8.5% Empty Russian central bank cuts key interest rate 0.5 percentage points to 8.5%

    Post by Rocky Fri 15 Sep 2017, 7:57 am

    [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
    font size:  Russian central bank cuts key interest rate 0.5 percentage points to 8.5% Font_decrease  Russian central bank cuts key interest rate 0.5 percentage points to 8.5% Font_enlarge
    Russian central bank cuts key interest rate 0.5 percentage points to 8.5% Thumbnail.php?file=59bbb2f995a597a45f8b4568_741532545
    [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]

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