Russia cuts key rate

RUSSIA / FSU POLITICS - In Brief 14 Dec 2019 by Alex Teddy
On December 13 the Russian Central Bank announced that the key rate would be reduced to 6.25%. There have been five cuts in a row. The Governor of the Bank Elvira Nabiullina said that she might not cut the rate next time because there is a limit to how low it is wise to go. The RUB rose by 1% when the key rate was cut. Government bonds hardly responded to the news. The rate will be reviewed again in February 2020.

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