Russian Central Bank

This tag is associated with 2 posts

Russia’s Central Bank Unexpectedly Slashes Rate To 15%, Ruble Reels

Posted by ETFalpha ⋅ January 30, 2015 ⋅ Leave a comment

The Russian Central Bank has cut its key interest rate to 15 percent from 17 percent due to the ‘shift in the balance of risks of accelerated consumer price growth and cooling economy,’ according to a statement from the regulator. The 200 basis point cut comes a month and a half after the bank raised … Continue reading →

Ruble Bounces After Russia’s Central Bank Says Stands Ready To Intervene

Posted by EM_Equity ⋅ November 7, 2014 ⋅ Leave a comment

By BNE Russia’s Central Bank has issued a warning that it is ready to intervene to stop a precipitous drop in the value of the ruble. “In recent days there have been signs of panic in demand [for hard currency] which creates the preconditions for forming risks to financial stability. In these conditions the Bank … Continue reading →