bank of russia sees factors in favor of raising key rate
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Bank of Russia sees factors in favor of raising key rate

Arab Today, arab today

Arab Today, arab today Bank of Russia sees factors in favor of raising key rate

Bank of Russia.
Sochi - TASS

Bank of Russia sees a number of factors in favor of raising the key rate, but the decision will be taken by the board of directors of the regulator, head of the Bank of Russia Elvira Nabiullina said on Tuesday.

She was speaking at a press conference as part of the Global Forum of the Alliance for Financial Inclusion.

"Now there are few factors in favor of lowering the key rate. There are many factors, which are in favor of keeping it on the current level and there are some factors prompting us to consider the possibility of raising the key rate," she said.

"We see high volatility on financial markets and not only in Russia but in the world. This is due to external factors. Of course, we will take it into account while taking the decision. Now we see that the inflation is going back to our target slightly faster than we forecast before, in particular and mainly due to external factors," she added.

The fall of the ruble in April and August amid expansions of US sanctions and the decision of the Russian authorities to raise VAT accelerated inflation, which reached 3% on August 27. Last time this rate of price growth was registered in September 2017.

Board of Directors of the Bank of Russia will consider the key rate level at its next meeting on September 14, 2018. Last time, the regulator raised the key rate in December 2014.

Currently, the Bank of Russia’s key rate is 7.25%.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bank of russia sees factors in favor of raising key rate bank of russia sees factors in favor of raising key rate

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bank of russia sees factors in favor of raising key rate bank of russia sees factors in favor of raising key rate

 



GMT 06:41 2017 Tuesday ,12 December

'The Shape of Water' leads Golden Globes nominations

GMT 18:57 2016 Friday ,04 November

Historic climate pact enters into force

GMT 15:49 2017 Monday ,27 March

Moroccan Economy to Improve in 2017

GMT 17:30 2017 Saturday ,18 March

Erdogan hits out at Dutch over Srebrenica massacre

GMT 16:40 2012 Wednesday ,16 May

Egyptian actors morph into characters

GMT 23:39 2017 Tuesday ,21 November

Mohamed bin Zayed receives artists participating

GMT 15:28 2017 Monday ,10 April

Bangladesh militants to be hanged soon

GMT 20:40 2017 Tuesday ,11 April

Gunmen storm house of Libyan CB governor

GMT 12:38 2017 Wednesday ,15 November

Bill Gates giving $50 million for Alzheimer's research

GMT 06:03 2015 Thursday ,13 August

NBCUniversal pumps $200m into Vox Media

GMT 08:43 2017 Wednesday ,27 December

Minister discusses electricity, water services with MP

GMT 10:58 2017 Wednesday ,08 November

Al-Azhar's imam meets pope, vows to fight terrorism

GMT 23:43 2017 Wednesday ,04 October

UN: Half a million Rohingya arrive in Bangladesh

GMT 04:40 2017 Thursday ,19 January

Masdar signs agreement with two Qatari power companies

GMT 06:09 2016 Wednesday ,28 September

Households' cash surplus in S.Korea drops on home purchase
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday