In a surprise move...the central bank lowered its benchmark interest rate...by 25 bps...to 8%.
The refinancing rate was reduced from 8.25%.
The Central bank said the slow inflation “surprised” it...even as the ruble recently slumped.
25 December 2011
RUSSIA : C.Bank Lowers Benchmark Interest...to 8%.
In a surprise move...the central bank lowered its benchmark interest rate...by 25 bps...to 8%.
The refinancing rate was reduced from 8.25%.
The Central bank said the slow inflation “surprised” it...even as the ruble recently slumped.