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Economy

Demeter

(85,373 posts)

30. Bank of Russia keeps powder dry for future inflation and growth problems

Reply to Tansy_Gold (Original post)

Fri Sep 19, 2014, 12:03 PM

Sep 2014

http://www.euronews.com/2014/09/12/bank-of-russia-keeps-powder-dry-for-future-inflation-and-growth-problems/

Faced with the twin problems of rising inflation and weakening economic growth, Russia’s central bank has kept the cost of borrowing unchanged.

At their regular monthly meeting, Bank of Russia policymakers decided to keep the bank’s key interest rate at 8.0 percent – it has risen by 2.5 percent since early March.

That suggests they want to hold measures in reserve to boost growth as Western sanctions over the Ukraine crisis bite...

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