CBR's chief S. Ignatiev expects rate cuts on June meeting

RUSSIA ENERGY / FINANCE - In Brief 06 Jun 2013 by Marcel Salikhov
Head of CBR Sergei Ignatiev in recent days made several statements priorto a next meeting of the Board of Directors that is scheduled for June 10. "I will express cautious assumption that thechoice of raisinginterest rates is unlikely to be considered at all. I do not exclude that some of the interest rates will be reduced,while others remain unchanged," - he said yesterday.On theback of larger than expected May CPI results (+7.4% y-o-y) we do not expectthat CBR will lower main repo or refi rate but actions on longer-termrefinancing operations are likely.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this or its contents.