Russia's central bank sees no slowdown in inflation

Russia's central bank sees no slowdown in inflation

Central Bank of the Russian Federation has not yet determined its policy interest rate decision for December, says deputy governor

By Emre Gurkan Abay

MOSCOW (AA) – Russia’s central bank has not yet determined a policy interest rate decision for December, Deputy Governor Alexei Zabotkin said, adding that high price increases have been relatively stable during the last one or two months.

Zabotkin told reporters in Moscow on Monday that the policy rate for December is expected to raise.

Pointing out that he did not find an interest rate hike unlikely, Zabotkin said the decision in December is not predetermined.

The decision will be made based on the economic picture that the board will see in mid-December, he said.

On Oct. 25, the Central Bank of the Russian Federation last raised the policy rate to an all-time high of 21%, an increase of 200 basis points.

*Writing by Gokhan Ergocun
​​​​​​​

Kaynak:Source of News

This news has been read 60 times in total

ADD A COMMENT to TO THE NEWS
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
Previous and Next News