The Russian Central bank cut its benchmark one-week repo rate today, lowering it for the first time in in nearly a year to 10.5% from 11%.
The move, according to one report, was based on future inflation expectations as future cuts are anticipated. Russia's ruble is up against the dollar nearly 15% so far this year and was up 0.4% in trading earlier today, trading at USD/RUB 64.5956.
businessinsider.com/russia-central-bank-cuts-rates-2016-6?
The move, according to one report, was based on future inflation expectations as future cuts are anticipated. Russia's ruble is up against the dollar nearly 15% so far this year and was up 0.4% in trading earlier today, trading at USD/RUB 64.5956.
businessinsider.com/russia-central-bank-cuts-rates-2016-6?
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