Great Powers
Bank of Russia summary shows broad support for holding rate at 14%
Russia's central bank held its benchmark interest rate at 14.00% on Sept 11, halting rate cuts. A discussion summary released on Sept 29 revealed participants broadly agreed to pause further moves without signaling future steps.
How we got here
- The Bank of Russia kept its key interest rate at 14.00 percent, halting rate reductions after 15 months. Ua, Ru
- Shiryaev predicted in an interview that third-quarter results could make Russia's economic downturn evident as early as October. Ua
- The Bank of Russia Board of Directors is scheduled to hold its next key-rate meeting; the decision and medium-term forecast are due at 13:30 Moscow time. Ru
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