Reuters exclusively reports Russia cenbank to choose between holding and raising rates in April
The Russian central bank will consider holding or raising interest rates at its April 23 board meeting as inflation is […] The post Reuters exclusively reports Russia cenbank to choose between holding and raising rates in April appeared first on Reuters News Agency.
admin
0
45
The Russian central bank will consider holding or raising interest rates at its April 23 board meeting as inflation is seen hovering above the 4% target throughout 2021, the bank’s head of monetary policy, Kirill Tremasov, told Reuters. After slashing the key rate to a record low of 4.25% in 2020 to help the economy overcome crisis sparked by the COVID-19 pandemic and crash in oil prices, the central bank raised it to 4.5% and said more hikes would follow. Tremasov also said that geopolitical risks were not the key factor behind the March decision to raise the rates.
The post Reuters exclusively reports Russia cenbank to choose between holding and raising rates in April appeared first on Reuters News Agency.
