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29 April 2011

RUSSIA: Surprize! C.Bank Raises Interest Rate...To 8.25%...In Inflation Fight.

BLOOMBERG /

  Blind-siding most economists, the central bank Rossii raised its benchmark rate by 25 basis pts...to 8.25%...for the 2nd time this year...in an ongoing battle against quickening inflation.
   Russia's inflation has been above the central bank’s target of between 6-7% since October.
   The c.bank reports an inflation rate of...9.6 %...as of April 25.
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Labels: Bank Rossii
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