Български Русский English
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
Russian Central Bank to Set Annual Interest Rate at 5%
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.

source:
 http://sputniknews.com/russia/20160516/1039689141/russia-economy-interest-infliation.html

 

Advertisement