Russia's central bank reduces interest rate to 18%

The Russian Central Bank reduced its refinancing rate from 21% to a record low of 18% from 17 February, having taken into account a slowdown in inflationary growth and the real level of interest rates on the Russian money market.

"We took into consideration that all the main interest rates on the market are significantly lower than 21%," Central Bank Deputy Chairman Oleg Vyugin told Interfax. "For example, Minfin 10-year bonds provide yields to maturity of less than 13%. Inflation is expected

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: