Russian Central Bank 2018

By: SMAFassociates

The Russian Central Bank unexpectedly raised interest rates on September 14, 2018. The decision was taken for the first time since 2014 and aimed to offset the risk of inflation associated with a currency, such as the ruble, which is now falling.
The Official Discount Rate was raised to 7.5% from 7.25%, thereby circumventing the forecasts of the same Russian economists who considered out of discussione a Bank of Russia's economic policy maneuver.

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