Russian Central Bank to Set Annual Interest Rate at 5% |
Monday, 16 May 2016 06:32 | |||
Multithumb found errors on this page: There was a problem loading image http://cdn3.img.sputniknews.com/images/102056/15/1020561529.jpg Russia 15:32 16.05.2016(updated 15:49 16.05.2016) Get short URL MOSCOW (Sputnik) — The Russian Central Bank will be able to set the country's annual key interest rate at 5 percent if the inflation rate reaches 4 percent, Central Bank's Monetary Policy Department Director Igor Dmitriev said Monday. "If inflation is at 4 percent, then key rates will sooner be 5 percent rather than 4 percent," Dmitriev said during an intercommittee group in the lower parliament. Russia's current annual interest rate is set at 11 percent.
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