The purpose of this website is to be a place for learning and discussion. The website and each tutorial topics do not encourage anyone to participate in trading or investment of any kind.
Any information shown in any part of this website do not promise any movement, gains, or profit for any trader or non-trader.

.

Author Topic: Bank of Russia cuts interest rate by 3%, signaling further rate cuts  (Read 961 times)

Waljiri Pratama

  • Guest
Bank of Russia cuts interest rate by 3%, signaling further rate cuts

The Russian central bank cut interest rates by 3% to 14% at its meeting today. While stating that the financial market has stabilized

“Because price and financial stability risks are no longer increasing. This creates conditions conducive to interest rate cuts,” the central bank said in a statement.

The central bank said Recent data has shown a slowdown in inflation. As the ruble strengthens It has been collapsing since Russia's Feb. 24 invasion of Ukraine.

In addition, the central bank expects Inflation will return to its target of 4% in 2024 after adjusting in the 18-23% range this year.

Meanwhile, the central bank also signaled further interest rate cuts this year. The policy rate stood at 10% before Russia attacked Ukraine on Feb. 24.



 

Related Topics

  Subject / Started by Replies Last post
4 Replies
936 Views
Last post February 08, 2024, 03:15:55 AM
by Blakescons
3 Replies
381 Views
Last post February 17, 2023, 09:19:57 AM
by mayramt3
0 Replies
85 Views
Last post October 17, 2023, 06:00:44 PM
by NadiaWits
0 Replies
75 Views
Last post December 20, 2023, 12:02:20 PM
by NadiaWits
0 Replies
58 Views
Last post January 09, 2024, 06:01:47 AM
by MableForex


-

Discussion Forum / 论坛 / منتدى للنقاش/ Diễn đàn thảo luận/

-
Disclaimer : The purpose of this website is to be a place for learning and discussion. The website and each tutorial topics do not encourage anyone to participate in trading or investment of any kind. Any information shown in any part of this website do not promise any movement, gains, or profit for any trader or non-trader.

By viewing any material or using the information within this site, you agree that it is general educational material whether it is about learning trading online or not and you will not hold anybody responsible for loss or damages resulting from the content provided here. It doesn't matter if this website contain a materials related to any trading. Investing in financial product is subject to market risk. Financial products, such as stock, forex, commodity, and cryptocurrency, are known to be very speculative and any investment or something related in them should done carefully, desirably with a good personal risk management.

Prices movement in the past and past performance of certain traders are by no means an assurance of future performance or any stock, forex, commodity, or cryptocurrency market movement. This website is for informative and discussion purpose in this website only. Whether newbie in trading, part-time traders, or full time traders. No one here can makes no warranties or guarantees in respect of the content, whether it is about the trading or not. Discussion content reflects the views of individual people only. The website bears no responsibility for the accuracy of forum member’s comments whether about learning forex online or not and will bear no responsibility or legal liability for discussion postings.

Any tutorial, opinions and comments presented on this website do not represent the opinions on who should buy, sell or hold particular investments, stock, forex currency pairs, commodity, or any products or courses. Everyone should conduct their own independent research before making any decision.

The publications herein do not take into account the investment objectives, financial situation or particular needs of any particular person. You should obtain individual trading advice based on your own particular circumstances before making an investment decision on the basis of information about trading and other matter on this website.

As a user, you should agree, through acceptance of these terms and conditions, that you should not use this forum to post any content which is abusive, vulgar, hateful, and harassing to any traders and non-traders.