Russia: Refinancing Rate Expected to Be Cut

Politics ♦ Published: April 3, 2013; 18:30 ♦ (Vindobona)

The Central Bank of Russia (CBR) estimates inflation risks higher than a slow economic growth. However, the refinancing rate is expected to be lowered soon.

Russia: Refinancing Rate Expected to Be Cut / Picture: ©

The decision made yesterday by the CBR is a mere cautious loosening. Bank Rossii will remain the refinancing rate at 8.25 %, yet with long-term refinancing operations (90 days or longer) the rates were lowered. For seven months, the CBR has left the rate untouched. The high inflation rate still plays a vital role. As per March 25, the inflation rate came at 7.2 % and thus exeeded the…

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