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Sunday, October 23, 2016

The Central Bank lowered its key rate to 10%

The Bank of Russia on Friday decided to reduce the key rate from 10.5% to 10% per annum. To this figure, kept from August 2015, at 11%, has varied in June.

Read more: “the Central Bank went on the second and last rate reduction for a year

The Central Bank shortly before promised to maintain a moderately tight monetary policy, thereby reducing inflation.


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