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Bank of Russia Lowers Key Rates to 11.5% From 12.5% Annual
Monday, 15 June 2015 12:46
Bank of Russia Lowers Key Rates to 11.5% From 12.5% Annual

13:46 15.06.2015(updated 14:19 15.06.2015) Get short URL

MOSCOW, June 15 (Sputnik) – The Bank of Russia on Monday lowered its key annual rates by 1 percent to 11.5 percent from June 16, according to the regulator’s press release.

“The Bank of Russia’s board of directors made a decision on June 15, 2015, to lower the key rate from 12.5 percent to 11.5 percent annual, taking into consideration the weakening inflation risks during a considerable cooling economy,” the press release reads.

The Central Bank said it would continue to lower key rates in pace with the slowing of inflation rates in the country.

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source: http://sputniknews.com/russia/20150615/1023374169.html