Russia cuts base rates by 50bps first time in 12 months

Russia cuts base rates by 50bps for first time in 12 months

June 13, 2016 (LBO) – Russia’s central bank has decided to cut the base rate by 50 basis points to 10.50 percent, the first rate cut since July last year, taking into account the positive trends in inflation. Releasing a statement, the Board of Directors of Bank of Russia noted the positive trends of more […]