| Bank of Russia Lowers Key Rates to 11.5% From 12.5% Annual |
| Monday, 15 June 2015 12:46 | |||
|
Multithumb found errors on this page: There was a problem loading image http://cdn4.img.sputniknews.com/images/102337/50/1023375010.jpg  Russia 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.
|