- Analytics
- News and Tools
- Market News
- Central Bank of Russia keeps its key interest rate unchanged at 11.0% in March
Central Bank of Russia keeps its key interest rate unchanged at 11.0% in March
The Central Bank of Russia (CBR) kept its interest rate unchanged at 11.0% on Friday. The central bank noted that inflation risks remained high.
"Despite certain stabilisation in financial and commodity markets and a slowdown in inflation, inflation risks remain high. These stem from the current developments in the oil market, persistently high inflation expectations and some uncertainties surrounding budget configuration," the CBR said.
The central bank pointed out that it will need more time to tighten its monetary policy.
The CBR expects inflation to be less than 6% in March 2017 and 4% in late 2017, while the economy is expected to contract 1.3%-1.5% in 2016.
"It is expected that quarterly GDP growth rates will enter positive territory between late 2016 and early 2017," the CBR said.
The next meeting of the CBR is scheduled to be April 29, 2016.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
