empty
 
 

2019.10.2510:54:00UTC+00Russia Central Bank Lowers Rate Again

Russia central bank on Friday cut its key interest rate for the fourth straight session amid persistently slowing inflation and subdued growth and signaled that it is will consider further easing in future. The Board of Directors, led by Governor Elvira Nabiullina, decided to cut the key rate by 50 basis points to 6.5 percent, the Bank of Russia said in a statement.

Economists had forecast a reduction to 6.75 percent.

The previous reduction in the rate was a 25 basis points cut in September.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback