17:08, 10 July 2009 Page views 313 views

Bank of Russia Reduced Refinance Rates

(no votes)

Bank of Russia’s Board of the directors decided to cut rates on some Bank’s operations on July 10, 2009. With effect from July 13, 2009, Bank of Russia’s refinance rate was reduced by 0.5 per cents and fixed as 11%.

As at June, 2009, consumer inflation amounted to 0.6% compared with May, and 11.9% in comparison with the same period of 2008 against 12.3% as at May, 2009.

Central Bank of the Russian Federation

Plusworld.org - only
the main news on the Market!