Bank of Russia Holds Key Rate Unchanged for Second Meeting
The Bank of Russia kept its benchmark rate unchanged for a second straight meeting, as widely expected. It has cut the rate by 200 basis points so far this year.
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The Bank of Russia kept its benchmark rate unchanged for a second straight meeting, as widely expected. It has cut the rate by 200 basis points so far this year.
The central bank left its key rate unchanged for a second straight meeting and signaled only a slight decline in borrowing costs next year, with inflation expected to remain stubbornly high.
The central bank left its key rate unchanged for a second consecutive meeting and signaled borrowing costs may decline only slightly next year, with inflation expected to remain stubbornly high.
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