key rate

U.S. Fed Chairman comments on rate cut

U.S. Federal Reserve Chairman Jerome Powell said the central bank’s rate cut approved yesterday was part an ongoing move to adjust to economic conditions though no guarantee of future cuts. The Fed voted to reduce …

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U.S. Fed cut rates for the first time since 2008

The U.S. Federal Reserve cut interest rates for the first time since the Great Recession in 2008 to help stave off the possibility of an economic downturn. Policymakers led by Fed Chairman Jerome Powell voted 8-2 …

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Russian Central Bank's cautious rate cuts continue

The board of directors of Russia's Central Bank has cut its key rate today by 25 bp to 7.25% per annum. "Inflation slowdown is continuing. At the same time, inflation expectations remain elevated. Russian economy’s growth …

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Is Bank of Russia ready to cut key rate?

Russia's Central Bank chief Elvira Nabiullina said that the Bank of Russia is ready to consider an opportunity for reduction of the key rate in the short run. "We raised the key rate at the turn of the last …

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Russia's Central Bank ready for rate cut?

Russian central bank Governor Elvira Nabiullina said that a cut to the key interest rate was still possible in the second or third quarter of 2019. The central bank has continued the policy of diversifying its …

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 Russia's Central Bank keeps key rate unchanged

The board of directors of Russia's Central Bank held its key interest rate at 7.75% today in line with market expectations, but said it could consider cutting rates as early as June. "If the situation develops in line with …

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Russia’s Central Bank keeps key rate at 7.75%

The board of directors of the Bank of Russia decided to keep the key rate at 7.75% per annum, the regulator said in a press release following the board meeting on Friday. "If the situation develops in line with the baseline …

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Forecasts for ruble’s exchange rate worsened

Russia’s top bank Sberbank has worsened its forecasts for the ruble’s average annual exchange rate against the U.S. dollar for 2019–2020. The bank worsened the rate for 2019 to 68.5 rubles per U.S. dollar and for 2020 …

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Bank of Russia keeps key rate at 7.75%

The Bank of Russia Board of Directors decided to keep the key rate at 7.75% per annum, the regulator said in a press release.  When grounding its decision the regulator noted that in January 2019, annual inflation held at the lower …

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 Bank of Russia raises key rate to last year level

The Bank of Russia Board of Directors decided to raise the key rate by 0.25 pp to 7.75% per annum today. The regulator said in a press release that the decision taken is proactive in nature and is aimed at limiting inflation risks that …

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U.S. Fed leaves rates unchanged

The U.S. Federal Reserve left interest rates unchanged and stayed on course to hike in December as strong economic growth, higher tariffs and rising wages look set to spur inflation.  The unanimous 9-0 decision left the …

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 Russia's central bank extends key rate pause

The Board of Directors of the Russian Central Bank has kept the key rate at the level of 7.25% today again. It was the third consecutive board meeting the bank had decided to hold the key rate, citing risks of higher inflation. …

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Russia's Central Bank freezes key rate

The Board of Directors of the Russian Central Bank has kept the key rate at the level of 7.25%. "The Bank of Russia has reviewed the inflation forecast upwards considering the planned increase of the value added tax in 2019. This …

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Central Bank promises Russians easy long money

Inflation dynamics enables the Russian Central Bank to cut further its key rate, the regulator’s First Deputy Chief Ksenia Yudaeva said. "Obviously, the current inflation dynamics allows a reduction," …

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