Russian interest rate kept at 4.25%

RUSSIA / FSU POLITICS - In Brief 28 Oct 2020 by Alex Teddy
On October 23 the Central Bank of Russia (CBR) announced they key rate is remaining steady. This was widely expected. Coronavirus, the US election and the possibility of sanctions all contributed to this.Inflation is 3.8% which is a rise. It will likely be 4% by the end of 2020 which is the CBR target for it. There is still a chance of a key rate cut by then.

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