21.1 C
Moscow
Sunday, August 7, 2022
spot_img

SANCTIONS CONTEXT

CURRENCY EXCHANGE RATES

RUB - Russian Ruble
EUR
61.6159
USD
60.5250

LATEST MARKET STUDY

spot_img

Russia’s key rate cut to 8 percent

The Bank of Russia lowered the key rate to 8% following the meeting on July 22. This is the fifth consecutive reduction of the key rate after its sharp increase at the end of February.

In the second half of the year, the Central Bank will assess the feasibility of a further reduction in the key rate, the regulator said in a statement. The Central Bank promises to make further decisions on the key rate by taking into account the actual and expected dynamics of inflation relative to the target, the process of structural adjustment of the economy, as well as assessing the risks from internal and external conditions and the reaction of financial markets to them.

Related Articles

Possibility of reducing or eliminating duties on imported materials and equipment to be considered

The Federation Council Committee on Economic Policy proposes to zero or reduce customs duties on imports of foreign raw materials and equipment to Russia....

Requirement to sell exports’ earnings in foreign exchange cancelled as confirmed by the government

The subcommittee of the government commission for the control of foreign investment in Russia decided to cancel the requirement for exporters to sell 50%...

Key rate cut back to the pre-sanction level

The Bank of Russia held a meeting of the Board of Directors today and decided to reduce the key rate again, from 11% to...