The Bank of Russia cuts its key rate by 50 bp to 7.75% p.a.
On 15 December 2017, the Bank of Russia Board of Directors decided to cut the key rate from 8.25% to 7.75% per annum. Inflation holds at 2.5% and will gradually draw near 4% by late 2018. The extension of the agreement to reduce oil production brings pro-inflationary risks down over … More
Source: Russian Trade Delegation